Deutsche Bank Maintains Buy On VF Corp, $73 PT


In a research report issued today, Deutsche Bank analyst Dave Weiner maintained a Buy rating on VF Corp (NYSE:VFC) with a price target of $73.00.

Weiner said, “Ahead of Monday’s AM results, we’re trimming our 4Q & 2015 EPS model (3Q remains intact), to reflect the ongoing €/$ move from the mid $1.30s. Despite this, VFC stock should continue to outperform given (1) a multi-year repositioning which is driving global share gains/GMs, as mix shifts by channel (to retail from wholesale), by geo. (away from NA), and by coalition (to OAS), (2) a proficiency in Outerwear which, weather permitting, should be a ‘go-to’ category this 2H and perhaps is due for a ‘replacement cycle’, (3) an ability to capture lower sourcing costs & manufacturing benefits, (4) focus on pursuing an accretive acquisition.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave Weiner has a total average return of 2.9% and a 40.7% success rate. Weiner has a 10.8% average return when recommending VFC, and is ranked #1347 out of 3336 analysts.

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