VF Corp. (VFC) PT Raised to $81 at UBS

UBS maintained a Buy rating on VF Corp. (NYSE: VFC) and raised its price target to $81.00 (from $70.00).

Analyst Michael Binetti said, "With updated VFC guide, the Timberland brand went from being a +10% rev grower through '17 to a +13% rev grower through '19—and became VFC's third $1B+ brand with 12%+ LT top-line power. Further, VFC expects TBL EBIT to grow +20% for 5-yrs (w/Op. Margin to expand to 18% by '19, vs. 15% by '17 prev). While the overall EPS impact to VFC is small (we est the TBL guide update adds ~$0.05 to our '16E EPS), VFC's clearly emphasized confidence behind TBL as a major LT growth driver."

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 $66.21 yesterday.

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