Piper Sandler upgrades VF Corp to 'overweight', shares rise
VFC•VF Corp shares rose 3% in premarket trading after Piper Sandler upgraded the stock to “overweight” from “neutral” and raised its price target to $20 from $16. The new target represents 26.6% upside to the prior close of $15.79.
1. Upgrade and rationale
Piper Sandler cited Vans’ steady ranking as a favorite footwear brand among male consumers and improving appeal among higher-income shoppers. It said stronger direct-to-consumer trends suggest brand interest may have bottomed and could return to growth as new products gain traction across wholesale channels through fiscal 2027 and 2028.
