Apparel maker V.F. Corporation (VFC) on Monday caught some bullish commentary from analysts at JP Morgan.
The firm initiated coverage on VFC with an “Overweight” rating and $167 price target, suggesting a 16% upside to the stock’s Friday closing price of $143.56.
JP Morgan said VFC is its top pick in the apparel space, with the company offering a “strong brand portfolio, best-in-class management and a level of consistency that is hard to match today.”
V.F. Corp shares were mostly flat in premarket trading Monday.
The Bottom Line
Shares of V.F. Corp (VFC) have a 2.01% dividend yield, based on Friday’s closing stock price of $143.56. The stock has technical support in the $130-$134 price area. If the shares can firm up, we see overhead resistance around the $150 price level.
V.F. Corporation (VFC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.