- Argus launches coverage on V.F. Corp (VFC +1.5%) with a Buy rating.
- Argus on VFC: "The company is benefiting from strong demand for Vans and North Face products, as well as from its growing direct-to consumer and international businesses. We are setting an FY19 EPS forecast of $3.60, up 14.7% from FY18, on a 9.7% increase in sales, to $13.6 billion. In FY20, we look for EPS to increase 13.9%, to $4.10, on 8.8% sales growth."
- The investment firm assigns a price target of $101 on V.F. to rep 24% upside potential for shares.