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Fly News Breaks for July 18, 2018
VFC
Jul 18, 2018 | 07:29 EDT
RBC Capital analyst Brian Tunick initiated VF Corp with an Outperform rating and a price target of $102. The analyst says the company is a "best-in-class portfolio manager", and its shareholder returns are driven by organic gains in the Vans, International, and Direct segments. Tunick adds that VF Corp's positive fundamentals are "appreciated" by the sell-side, as analyst sentiment has turned increasingly bullish while its valuation has risen to 22-times forward earnings.
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