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Fly News Breaks for February 18, 2016
VFC
Feb 18, 2016 | 08:31 EDT
Canaccord lowered its estimates on VF Corp. ahead its Q4 results this week, citing expectations for weaker gross margins relating to incremental discounting on North Face during the holiday season, coupled with continued foreign exchange headwinds. Canaccord continues to view VF Corp. as best in class and reiterated its Buy rating on the stock, but lowered its price target to $83 from $88.
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