VF Corp Gets Price Target Cuts By Analysts Following Q4 Results

V.F. Corporation VFC reported better-than-expected earnings for its fourth quarter.

VF posted quarterly earnings of 17 cents per share, beating market estimates of 14 cents per share. The company’s sales came in at $2.74 billion, versus expectations of $2.73 billion.

VF shares rose 2.7% to $19.48 in today’s pre-market trading session.

These analysts made changes to their price targets on VF following earnings announcement.

• Telsey Advisory Group cut the price target on VF from $36 to $27. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
• Citigroup slashed the price target on VF from $22 to $20. Citigroup analyst Paul Lejuez maintained a Neutral rating.
• Wells Fargo cut VF price target from $22 to $20. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating.
• Baird slashed VF price target from $24 to $22. Baird analyst Jonathan Komp maintained a Neutral rating.

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