VF Corp Is A 'Compelling Turnaround Story': Analyst Explains Why
1. Needham analyst initiated coverage on VFC with a $28 price forecast. 2. VFC's EPS dropped 80%, but recovery is underway. 3. CEO Darrell aims to improve efficiency and margins while reducing debt. 4. Projected FY28 EPS over $2.00; growth to $40 possible in 2-3 years. 5. Net debt reduced from $6 billion to $3.3 billion post asset sales.