North Face Parent V.F. Corp To Improve Gradually In Next Four To Six Quarters, Analyst Upgrades Stock
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Barclays analyst Adrienne Yih upgraded V.F. Corporation (NYSE:VFC) from Equal-Weight to Overweight, raising the price forecast from $19 to $22.
The analyst forecasts that the company will start to experience gradual improvements in its fundamentals over the next four to six quarters, beginning modestly in the fall of 2024.
By the time the analyst anticipates a return to margin expansion and/or sustainable positive sales for the company, the stock has usually risen significantly from its absolute low.
The analyst notes that the early signs of product and brand improvements could signal the start of a multi-year, multifaceted turnaround for the company’s brand portfolio.
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