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Wells Fargo Sticks to Its Hold Rating for VF (VFC)

Tipranks - Tipranks - Thu Jan 15, 5:04AM CST

In a report released yesterday, Ike Boruchow from Wells Fargo maintained a Hold rating on VF, with a price target of $20.00. The company’s shares closed yesterday at $19.65.

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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Tapestry, and Bath & Body Works. According to TipRanks, Boruchow has an average return of 5.1% and a 50.10% success rate on recommended stocks.

VF has an analyst consensus of Hold, with a price target consensus of $16.97, a -13.64% downside from current levels. In a report released on January 8, UBS also maintained a Hold rating on the stock with a $18.00 price target.

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Based on VF’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $2.8 billion and a net profit of $189.77 million. In comparison, last year the company earned a revenue of $2.76 billion and had a net profit of $52.18 million

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