VF Corp. price target raised to $28 from $24 at UBS

UBS raised the firm’s price target on VF Corp. (VFC) to $28 from $24 and keeps a Neutral rating on the shares. VF Corp. delivered a 25c EPS beat in Q3 and made greater progress on margins than expected, which causes the firm to see a higher probability VF’s turnaround will play out, the analyst tells investors in a research note. The firm expects the stock to have upwards momentum in the near-term, but believes a lot of the “good news” around the turnaround that hasn’t happened yet is already priced in.