Pivotal Research Upgrades VF Corp. (VFC) to Buy

March 8, 2021 4:14 AM EST
Get Alerts VFC Hot Sheet
Price: $85.40 +0.54%

Rating Summary:
    18 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 18 | New: 47
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Pivotal Research analyst Mitch Kummetz upgraded VF Corp. (NYSE: VFC) from Hold to Buy with a price target of $94.00 (from $86.00).

The analyst comments "We are upgrading VFC from HOLD to BUY and raising our price target from $86 to $94. In short, we like the set up. As a reminder, we’ve been on the sidelines for just over three years, after downgrading back in February 2018 (at $75.34) on what we thought was an unfavorable set up. At that time, The North Face was going through a transition, Vans was about to lap some tough comparisons, and we were lowering estimates. Today’s setup is very much the opposite of three years ago: The North Face and Timberland are inflecting positively, Vans is about to lap some easy comparisons, and we are raising estimates."

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 $78.77 yesterday.

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