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VF Corp. (VFC) PT Raised to $22 at Evercore ISI

October 29, 2024 6:06 AM EDT
Get Alerts VFC Hot Sheet
Price: $16.91 -0.7%

Rating Summary:
    16 Buy, 24 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 14 | New: 26
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Evercore ISI analyst Michael Binetti raised the price target on VF Corp. (NYSE: VFC) to $22.00 (from $16.00) while maintaining a In Line rating.

The analyst comments " F2Q25 EPS $0.60 Topped Street Estimates at $0.38: With a backdrop of growing negative sentiment, we’re encouraged to see VFC beat Street estimates up and down the P&L with EPS $0.60 well ahead of Street $0.38. Revenues down -6% were ahead of Street -7%, GM 52.2% came in much better than Street/ISI 51.5%, and SG&A discipline led to dollars down YOY after guiding up $25 to $35m (though $10-15m shifted to 3Q)."



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