Telsey Advisory raised the firm’s price target on VF Corp. (VFC) to $21 from $19 and keeps a Market Perform rating on the shares. The company delivered a second consecutive quarter of better-than-expected results across the board, the analyst tells investors. While the Q3 guidance came in below expectations, speaking to challenges of the current marco-operating environment, but signals continued sequential improvement through the back half of the year, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VFC:
- Morning Movers: McDonald’s lower, Pfizer higher after earnings releases
- VF Corp.’s results getting ‘less bad,’ stock price could rise, says UBS
- VF Corp. price target raised to $19 from $16 at TD Cowen
- VF Corp. price target raised to $20 from $17 at Baird
- VF Corp. price target raised to $24 from $20 at Citi