VF Corp. price target raised to $23 from $20 at Baird

Baird raised the firm’s price target on VF Corp. (VFC) to $23 from $20 and keeps a Neutral rating on the shares. The firm said its investor day focused on organizational changes and enterprise-level cost actions designed to engineer 10% EBIT margin and reduce debt-to-EBITDA to less tha 2.5X by F2028E on the current revenue base.