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Fly News Breaks for July 27, 2015
VFC
Jul 27, 2015 | 06:15 EDT
Goldman upgraded VF Corp. to Buy and increased its price target to $95 from $77. The firm has increased confidence in earnings drivers following the Q2 report given accelerating revenue growth driven by Outdoor and Action brand strength, a positive inflection in jeans, a bottoming in margin pressures given commodity cost relief in Q4, and balance sheet catalysts on the horizon.
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