Janney Montgomery Scott Upgrades VF Corp. (VFC) to Buy; Recent Sell-Off Translates To More Attractive Risk/Reward
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Price: $12.62 --0%
Rating Summary:
11 Buy, 28 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 1
Rating Summary:
11 Buy, 28 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 1
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Janney Montgomery Scott upgraded VF Corp. (NYSE: VFC) from Hold to Buy with a price target of $160.00.
Analyst, Eric Tracy, said, "We are upgrading shares of VFC to Buy, as our meetings with the company give us greater comfort that the market has over-reacted to fears regarding Europe (down 12% from the peak), exacerbated by recent commentary from Ralph Lauren (NYSE: RL)(Not Covered). We hosted investor meetings with VFC at our Janney Consumer Conference, and we come away with greater conviction that the company is positioned to navigate through the weakening macro conditions in Europe, while continuing to drive top line growth beyond the region (taking share domestically, further penetrating emerging markets) and drive greater margin expansion (input cost inflation reversal + mix shift, DTC, Int'l), all of which support a continued robust earnings trajectory over the next few years."
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 $137.10 yesterday.
Analyst, Eric Tracy, said, "We are upgrading shares of VFC to Buy, as our meetings with the company give us greater comfort that the market has over-reacted to fears regarding Europe (down 12% from the peak), exacerbated by recent commentary from Ralph Lauren (NYSE: RL)(Not Covered). We hosted investor meetings with VFC at our Janney Consumer Conference, and we come away with greater conviction that the company is positioned to navigate through the weakening macro conditions in Europe, while continuing to drive top line growth beyond the region (taking share domestically, further penetrating emerging markets) and drive greater margin expansion (input cost inflation reversal + mix shift, DTC, Int'l), all of which support a continued robust earnings trajectory over the next few years."
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 $137.10 yesterday.
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