VF Corp. price target raised to $27 from $21 at Telsey Advisory

Telsey Advisory raised the firm’s price target on VF Corp. (VFC) to $27 from $21 and keeps a Market Perform rating on the shares. The company reported “strong” Q3 results relative to expectations, as sales turned positive for the first time since Q1 of 2023, the analyst tells investors. Overall, Q3 results reflect sequential improvements and enhanced execution. The firm will be looking for more brand-level plans at the upcoming Investor Day in March, as two of the company’s four largest brands continue to experience meaningful headwinds.