VF Stock: Recent Price Target Adjustments by Analysts
Barclays Raises Price Target to $19
Barclays analyst Adrienne Yih raised the target price on VF Corporation (VFC) from $20 to $19 while maintaining an Equalweight rating. This adjustment comes after the company reported better-than-expected financial results in the second quarter of 2023.
UBS Maintains Neutral Rating, Adjusts Target to $12
UBS analyst Jay Sole maintained a Neutral rating on VFC while adjusting the price target from $14 to $12. Sole cited concerns about the company's exposure to inflationary pressures and potential weakness in the consumer spending outlook.
Consensus Target Price
According to data compiled by Bloomberg, the consensus 12-month price target for VFC remains at $14.94. This target is based on estimates from 16 analysts, with individual targets ranging from $12 to $19.
Financial Performance and Outlook
VF Corporation reported a strong second quarter earnings performance, driven by solid sales growth across its brands and improved profitability. The company also raised its fiscal 2023 guidance, indicating confidence in its long-term prospects.
Analysts are generally positive on VFC's outlook, citing the company's brand strength, global reach, and ongoing focus on innovation. However, some concerns remain about the potential impact of economic headwinds on the company's margins and demand for its products.
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