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Fly News Breaks for August 6, 2018
VFC
Aug 6, 2018 | 06:59 EDT
After hosting investor meetings with management, JPMorgan analyst Matthew Boss reiterates an Overweight rating on VF Corp. with a $106 price target. The analyst sees VF's earnings growth inflecting to mid-teens in the second half of 2019 and compounding at that pace for the next three-to-four years, driven by mid- to high-single-digit revenues, gross margin expansion and acquisition accretion or capital allocation. He believes the company's balance sheet remains an "underappreciated part of the story."