Information Provided By:
Fly News Breaks for January 12, 2017
VFC
Jan 12, 2017 | 07:23 EDT
As previously reported, Canaccord analyst Camilo Lyon downgraded VF Corp. to Hold from Buy citing recent management departures coupled with intensifying competition hurting North Face, highlighted by a seemingly soft Q4. The analyst also believes the company's analyst day on March 30 could be a vehicle for the downward reset of future growth expectations. Lyon lowered his price target to $54 from $64 on VF Corp. shares.