On Monday apparel manufacturer V.F. Corporation (VFC) was downgraded by analysts at DA Davidson.
The analysts downgraded VFC from “Buy” to “Neutral” with a price target of $169. The price target is a +8.5% increase to Friday’s closing price of $155.82.
V.F. Corp shares were down 92 cents, or -0.59%, in premarket trading on Monday. The stock is up +22.7% year to date.
The Bottom Line
Shares of V.F. Corp (VFC) have a 2.23% dividend yield, based on Friday’s closing stock price of $155.82. The stock has technical support in the $145-$150 price area. If the shares can firm up, we see overhead resistance around the $160-$163 price levels.
V.F. Corporation (VFC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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