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Fly News Breaks for October 24, 2016
VFC
Oct 24, 2016 | 12:41 EDT
As previously reported, JPMorgan downgraded VF Corp to Neutral from Overweight and lowered its price target to $55 from $65. Analyst Matthew Boss said VF reported a choppy Q3 and lowered FY16 guidance for the second straight quarter driven by reduced expectations at O&AS and Jeanswear, partially offset by a lower tax rate.
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