BMO Capital Reiterates Market Perform Rating on VF Corp. (VFC)

BMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $14.00 price target on VF Corp. (NYSE: VFC).

The analyst commented, "VFC's recently-filed 8K offered historical Supreme P&L details. Recall, we cautioned in our post-EPS report that guidance (which was provided ex-Supreme, without providing Supreme values), could result in confusion and likely too-high estimates, fearing downward revisions, which we expect will now occur as consensus works through provided details. The important questions remain on debt, Vans, and TNF, but in the immediate term, we lower estimates on this new information (expect others will follow), raising what already appears an expensive valuation as VFC works through its turnaround. See recent report for details."

For an analyst ratings summary and ratings history on VF Corp. click here. For more ratings news on VF Corp. click here.

Shares of VF Corp. closed at $17.84 yesterday.

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