Wells Fargo downgraded V.F. Corporation's stock rating to 'underweight' from 'equal weight' on October 14, 2024. This revision reflects concerns regarding the company's turnaround efforts.
The downgrade specifically cited worries that recent optimism surrounding the Vans brand's recovery may be premature and overestimated. This indicates a cautious outlook on the pace of VFC's strategic initiatives.
The analyst's assessment suggests that the challenges facing VFC's key brands, particularly Vans, are more significant than previously anticipated, impacting the company's overall investment profile.
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