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UPDATE: Piper Jaffray Cuts PT to $153 on V.F. Corporation on Risk/Reward

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Piper Jaffray reiterated its Neutral rating on V.F. Corporation (NYSE: VFC) and lowered the price target from $155.00 to $153.00.

Piper Jaffray said, “While selling trends for TNF were likely soft through the mid-part of Dec tied to warmer weather, it does appear that sell-through rates have picked up over the last four to five weeks as weather has cooled. That said, given the second consecutive warm winter, we would expect retailers and brands to approach 2013 with caution and believe it is prudent to trim our FY13 estimates. We view the risk/reward profile for VFC shares as balanced--trading at 13.6x our FY13 EPS--inline with our 14% projected EPS growth rate.”

V.F. Corporation closed at $148.97 on Friday.

Latest Ratings for VFC

DateFirmActionFromTo
Nov 2014Deutsche BankMaintainsBuy
Nov 2014BB&T CapitalInitiates Coverage onBuy
Nov 2014Bank of AmericaMaintainsBuy

View More Analyst Ratings for VFC
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings

 

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