Analysts’ actions for VFC after 2Q17 results
VF Corporation’s (VFC) 2Q17 results were followed by a host of upward revisions in the company’s target price by Wall Street analysts.
On July 24, 2017, D.A. Davidson raised the target price for VF from $58 to $59, maintaining its “neutral” rating. Credit Suisse also raised the target price to $55 from $53, while JPMorgan revised its target price from $48 to $56. Both brokers reaffirmed their “neutral” ratings for the company.
On July 25, 2017, UBS and Stifel revised their price targets for VF from $59 to $66 and $56 to $57, respectively.
The average target price for VF is $58.30, compared to$54.90 before its 2Q17 results.
Wall Street recommendations for VF
VF is covered by 22 Wall Street analysts who have a “neutral” rating for the company. VF has a 2.7 rating on a scale of 1.0 (“strong buy”) to 5.0 (“sell”). The company has a better rating than Ralph Lauren (RL) at 3.1, Gap (GPS) at 3.1, and Michael Kors (KORS) at 2.9. Hanesbrands (HBI) at 1.9 and PVH (PVH) at 2.0 have better ratings than VFC.
Stock price downside, upside
VFC stock has a downside of 4.0% based on the average Wall Street target price. In comparison PVH, HBI, GPS, and RL have upside potentials of 1.0%, 12.0%, 6.0%, and 0.0%, respectively.
Investors who want exposure to VFC could consider the VanEck Vectors Morningstar Wide Moat ETF (MOAT), which invests 2.6% of its portfolio in VFC.