In a report published Thursday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on VF Corp. VFC.
In the report, Morgan Stanley noted, “VFC's new $3.1B sales at 18% EBIT margin 2019 Timberland goal suggests a 21% IRR on the 2011 $2.3B acquisition. VFC's TBL analyst day presentation increased our confidence VFC can successfully execute another big deal. Very solid fundamental story, but priced in at 21x FY14 EPS. Stay EW.”
VF Corp closed on Wednesday at $66.21.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in