VF Corp. just upgraded at Barclays, here's why - InvestingChannel

VF Corp. just upgraded at Barclays, here’s why

Barclays upgraded VF Corp. to Overweight from Equal Weight with a price target of $22, up from $19. The analyst believes the stock’s risk/reward is attractive at current levels. Investors will begin to see incremental sequential improvement in company fundamentals over the next four to six quarters, beginning modestly in the fall season of 2024, the analyst tells investors in a research note. Barclays thinks VF will begin to see the positive impact of changes, led by CEO Bracken Darrell, throughout the organization beginning in fall 2024 and accelerating into 2025. Stocks usually begin to “move” once there is an agent of change for improvement, and well before a sustained pattern of “beat and raise” quarters, contends Barclays.

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