JPMorgan placed VF Corp. (VFC) on “Negative Catalyst Watch” ahead of the company’s fiscal Q2 report on October 28 while keeping a Neutral rating on the shares with a $16 price target The firm’s work points to continued wholesale challenges at The North Face, with management citing reluctance from retail partners to take on inventory risk early following a warmer start to fall and winter last year. At point of sale, JPMorgan’s work points to ongoing traffic headwinds globally across brands in the portfolio, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VFC:
- Seaport Research footwear/apparel analyst holds analyst/industry conference call
- Boeing to cut 10% of workforce, Lundbeck to acquire Longboard: Morning Buzz
- Caterpillar downgraded, Flutter upgraded: Wall Street’s top analyst calls
- VF Corp. price target raised to $25 from $21 at Stifel
- VF Corp. downgraded to Underweight from Equal Weight at Wells Fargo