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Fly News Breaks for October 25, 2016
VFC
Oct 25, 2016 | 06:57 EDT
Deutsche Bank analyst Dave Weiner downgraded VF Corp. to Hold saying medium-term issues "likely cap stock upside." The company's revenue drivers in Q3 were weaker than expected while management said the wholesale channel is sitting on too much competitive product, Weiner tells investors in a research note. He cut his price target for the shares to $57 from $63. Citi this morning also downgraded VF post earnings.
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