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Fly News Breaks for May 24, 2019
VFC
May 24, 2019 | 08:55 EDT
Guggenheim analyst Robert Drbul raised his price target on VF Corp. shares to $95 from $90 following the company's Q4 report, noting that its three largest brands grew a combined 9%, or 13% in constant currency. He believes the company's "acute focus" on high margin channels, such as direct-to-consumer, digital and international, position it well to drive healthy long-term growth in revenue and margins. Drbul keeps a Buy rating on VF Corp. shares.