Piper Sandler upgrades VF Corp to 'overweight', shares rise

VF

13/10/2026 09:58

      
    ** Shares of apparel retailer VF Corp  VFC.N  rise 3% to
$16.27 in premarket trading
    ** Piper Sandler upgrades stock to "overweight" from
"neutral"; raises PT to $20 from $16, representing a 26.6%
upside to the stock's last close of $15.79
    ** Brokerage cites Vans' ranking as a favorite footwear
brand among male consumers holding steady, while improving among
higher-income shoppers
    ** Combined with stronger direct-to-consumer trends, this
suggests brand interest may have bottomed and could return to
growth as new products gain traction across wholesale channels
through fiscal 2027 and 2028, it adds
    ** 9 of 25 brokerages rate the stock "buy" or higher, 14
"hold" and 2 "sell" or lower; their median PT is $16 -
LSEG-compiled data
    ** As of last day's close, stock down 12.6% YTD

    (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))