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Fly News Breaks for January 21, 2020
VFC
Jan 21, 2020 | 12:35 EDT
Stifel analyst Jim Duffy maintained a Buy rating and $109 price target on CF Corp. (VFC) following the company's announcement it intended "to further simplify the portfolio via exploration of strategic alternatives for the occupational work business." The analyst said this decision was consistent with VF Corp's stated strategy, and would "simplify the brand portfolio" down to 12 remaining brands, and also "reduce operational complexities and increase flexibility by further reducing dependence on owned manufacturing." Duffy added that while the divestiture would result in lost profits, it would be accretive to the portfolio growth profile and beneficial to the multiple.
News For VFC From the Last 2 Days
VFC
Jul 23, 2021 | 09:40 EDT
Unusual total active option classes on open include: V F Corp (VFC), Skillz (SKLZ), Pinterest (PINS), ArcelorMittal (MT), Support.com (SPRT), Moderna (MRNA), Trade Desk (TTD), Roku (ROKU), Snowflake (SNOW), and Square (SQ).