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VFC
Benzinga
201 days

North Face Parent VF Corp's Q3 Marks First Revenue Growth In Nine Quarters, But Goldman Sachs Stays Neutral

1. Goldman Sachs maintains Neutral rating on VFC, raises target to $25. 2. VFC shows broad-based Q3 beat; free cash flow guidance raised. 3. Fourth-quarter revenue forecast below consensus due to timing shifts. 4. Analyst sees significant progress with VFC's Reinvent strategy. 5. VFC experienced year-over-year revenue growth for the first time in nine quarters.

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FAQ

Why Neutral?

Despite a target raise, lower revenue forecast limits bullish sentiment. Past instances showed mixed impact from Q3 performance.

How important is it?

The article covers key financial results and strategic updates impacting investor outlook on VFC.

Why Short Term?

Immediate market reaction may be limited; investor focus on future performance. Historical trends indicate short-term volatility after earnings announcements.

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