Market Overview

UPDATE: Stifel Raises PT on VF Corporation Ahead of 3Q13 Results Report

Share:

In a report published Friday, Stifel analyst Jim Duffy reiterated a Buy rating on VF Corporation (NYSE: VFC), and raised the price target from $207.00 to $235.00.

In the report, Stifel noted, “V.F. Corporation is scheduled to report 3Q13 results before market open on Monday, October 21, 2013. We expect a solid quarter relative to expectations helped by a rebound in Europe (aided by a strengthening euro), and Jeanswear coalition fundamentals . Despite a tepid back to school environment and cautious retailer ordering, we remain comfortable with our in-line revenue and EPS estimates of $3,339mn and $3.76 (in-line with consensus of: $3,339mn and $3.76). Of note, as per typical with the 3Q earnings release, we expect an increase to the dividend to close the gap with the targeted payout ratio of 40%.”

VF Corporation closed on Thursday at $201.89.

Latest Ratings for VFC

DateFirmActionFromTo
May 2019MaintainsNeutral
May 2019Initiates Coverage OnBuy
May 2019MaintainsNeutral

View More Analyst Ratings for VFC
View the Latest Analyst Ratings

Posted-In: Jim Duffy StifelAnalyst Color Price Target Analyst Ratings

 

Related Articles (VFC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
WUBABOCOM InternationalDowngrades
DLTROTR GlobalUpgrades
ARCCCompass PointDowngrades
GTYHCitiInitiates Coverage On7.0
NKEGuggenheimMaintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Wells Fargo Reiterates Outperform on Verizon Communications Following Solid Q3 2013 Results

UPDATE: Stifel Raises PT on Las Vegas Sands Following 3Q13 Review