UPDATE: DA Davidson Raises PT on VF Corporation After 'Solid' Start to Winter Season

In a report published Monday, D.A. Davidson & Company analyst Andrew Burnes reiterated a Buy rating on VF Corporation

, raising its price target from $61.00 to $71.00, based on 20x their 2015 EPS estimate of $3.55. According to the report, “With “normal” winter weather unfolding across the U.S., after two unusually warm and dry seasons, we believe it has been a solid start to the outerwear season. This should drive upside capacity to TNF brand performance through higher direct-to-consumer (DTC) sales as well as an overall healthy pricing environment.” Some key points from the report included: -”Our full year revenue and EPS estimates are now $12.337 billion and $3.13 and $13.241 billion and $3.55, respectively.” -”We believe continued organic growth and margin performance, as well as likely acquisitions will drive share appreciation.” VFC closed Friday at $61.86.