BUZZ-VF Corp falls after Wells Fargo cuts PT

Reuters
08 Mar
BUZZ-VF Corp falls after Wells Fargo cuts PT

** Shares of Vans parent VF Corp VFC.N down 7.5% at $19.01

** Brokerage Wells Fargo cuts PT to $18 from $21

** Brokerage says "the story hit a clear speed bump" at its analyst day for targets announced in October, as Vans turnaround is expected to be more subdued, and first half of 2026 was viewed cautiously by the company

** Says that during the second part of VFC's analyst day co did not update financials, however, brokerage believes VFC will end FY25 with revenue below FY24

** "On top of that, we've been told they are not growing in 4Q and likely not in 1H26 — so that revenue hole will grow larger. Thus, at current levels, VFC will in fact need growth to hit these goals" — Wells Fargo analyst Ike Boruchow

** VFC stock has fallen 11.7% including session's moves

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com))

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