VF Corp. price target raised to $21 from $19 at Telsey Advisory

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.