Market Overview

UPDATE: Morgan Stanley Assumes Coverage on VF on Balanced Risk/Reward

Share:

In a report published Wednesday, Morgan Stanley analyst Jay Sole assumed coverage on VF (NYSE: VFC) with an Equal-Weight rating.

In the report, Morgan Stanley noted, “VFC's differentiated business model makes it a secular winner, in our view, and we have high conviction in our 13% 4-yr EPS CAGR. Following the stock's deserved 5-turn P/E re-rating to 17x FY2 EPS, we now see only a balanced risk/reward.”

VF closed on Tuesday at $60.41.

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: Jay Sole Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

Related Articles (VFC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
SKXMaintains44.0
HYMaintains66.0
MSFTMaintains160.0
SKXUpgrades
WLTWMaintains208.0
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

Arena Pharmaceuticals Announces Filing for Marketing Authorization of BELVIQ® (lorcaserin HCl) in Brazil

Blythe J. McGarvie Elected to Sonoco's Board of Directors