UPDATE: Morgan Stanley Assumes Coverage on VF on Balanced Risk/Reward
February 12, 2014 at 08:03 AM EST
In a report published Wednesday, Morgan Stanley analyst Jay Sole assumed coverage on VF (NYSE: VFC ) with an Equal-Weight rating. In the report, Morgan Stanley noted, “VFC's differentiated business model makes it a secular winner, in our view, and we have high conviction in our 13% 4-yr EPS CAGR.