VF Corp. (VFC) PT Raised to $119 at Susquehanna

Susquehanna analyst Sam Poser raised the price target on VF Corp. (NYSE: VFC) to $119.00 (from $105.00) while maintaining a Positive rating.

The analyst commented, "Buy VFC. The stock warrants a higher multiple after management laid out a commitment to a realistic five-year plan. VFC achieved or exceeded nearly all financial targets put forth at the March '17 Investor Day. VFC's managers have proved and continue to prove that they are committed, and have the skills to protect and enhance the sanctity of their respective brands. Vans' 24% revenue CAGR since '16 and the +12% to +13% FY24 CAGR target are representative of the overall, though likely not to the same degree, opportunities across the VFC portfolio. Digital and international growth are the foundations of the FY24 targets. Those targets, or commitments, will likely be achieved prior to FY24. Raising price target from $105 to $119 and maintaining EPS estimates."

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