VFC - VF Corp.'s Q3 Disappointment: 4 Analysts Discuss Troubles Transformation Plans | Benzinga
Shares of VF Corp (NYSE:VFC) were trading lower on Feb. 8, following the company’s worse-than-expected third quarter financial results.
The company reported its third-quarter results amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Stifel analyst Jim Duffy has rated the stock a Buy, while reducing the price target from $24 to $22.
- Wedbush analyst Tom Nikic assigned a Neutral rating on the stock while reducing the price target from $16.50 to $15.50.
- BMO Capital Markets analyst Simeon Siegel had a Market Perform rating and a price target of $18 on the stock.
- Telsey Group analyst Dana Telsey reiterated an Outperform rating on the stock and a price target of $22.
Check out other analyst stock ratings.
Stifel: Per Duffy, the third quarter results brought unfavorable news but lacked a substantial update on plans to sell assets for faster debt reduction.
On a positive note, the organic management of the balance sheet remained strong, and estimates for free cash flow in the fiscal year were unchanged. “Specifically, we view willingness to ...