VF Corp added to negative catalyst watch at JPM
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Williams Trading Cautious Comments on VF Corp. (VFC): 'Risk of Brand Sacrifice Still Apparent Post Supreme Sale'
October 22, 2024 7:23 AM EDTWilliams Trading analyst Sam Poser reiterated a Sell rating and $10.00 price target on VF Corp. (NYSE: VFC)
The analyst comments "Sell VFC. We are adjusting our estimates to reflect the sale of Supreme. The sale of Supreme to EssilorLuxotica (EL:FP-NR). VFC will report 2Q25 earnings on Monday, October 28th AMC. It does not appear that the consensus sell-side estimates reflect the sale of Supreme. Despite the fact that VFC received $1.5B for Supreme, is holding part one of two investor days on... More
