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Fly News Breaks for September 6, 2016
VFC
Sep 6, 2016 | 08:06 EDT
As noted earlier, DA Davidson downgraded VF Corp to Neutral from Buy. Analyst Andrew Burns says that the company lacks near-term catalysts, as its "key growth initiatives face headwinds." The company's Timberland and Vans brands are poised to struggle, while North Face is being hurt by "a promotional environment," according to Burns. The analyst adds that the company's international growth is "muted." Target to $64 from $78.
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