7/102 sources · 2 publishersUpdated Oct 13, 11:17 UTC
VF Corp shares rally on multiple analyst upgrades and higher price targets
VF Corp stock jumped after Barclays raised its price target to $24 and both Piper Sandler and Truist upgraded the shares, lifting their targets to $20. Barclays cited improving brand momentum at Vans, while Piper Sandler pointed to a strong teen survey and Truist highlighted shifting fashion trends. The stock rose 5.8% in the afternoon session and 3.9% in pre‑market trading.
Why it matters
Barclays' and the two Wall Street firms say the upgrades reflect a turning point for Vans, which could sustain the recent price gains. The higher targets suggest analysts expect the brand’s recovery to lift VF Corp’s earnings outlook.
Key facts
- 1Barclays raised its price target on VF Corp to $24 from $23. stockstory.org
- 2Piper Sandler lifted its price target to $20 from $16. investing.com
- 3Truist raised its price target to $20 from $14. investing.com
- 4VF Corp shares jumped 5.8% in the afternoon session. stockstory.org
- 5VF Corp shares rose 3.9% in pre‑market trading. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.