KeyBanc Starts VF Corp. (VFC) at Hold
Get Alerts VFC Hot Sheet
Price: $17.00 +3.16%
Rating Summary:
16 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 13 | New: 42
Rating Summary:
16 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 13 | New: 42
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KeyBanc initiates coverage on VF Corp. (NYSE: VFC) with a Hold.
The firm comments, "We believe V.F. Corporation is one of the best managed and most diversified companies in our coverage universe, 10% organic growth looks achievable, and a tactical acquisition/divestiture strategy keeps the portfolio fluid. At 16.9x 2012E P/E and 11.3x 2012E EV/EBITDA (vs. 15.5x P/E and 9.3x EV/EBITDA for the apparel peer group), we find valuation reasonable and initiate with a HOLD rating."
For an analyst ratings summary and ratings history on VF Corp. click here. For more ratings news on VF Corp. click here.
Shares of VF Corp. closed at $161.01 yesterday.
The firm comments, "We believe V.F. Corporation is one of the best managed and most diversified companies in our coverage universe, 10% organic growth looks achievable, and a tactical acquisition/divestiture strategy keeps the portfolio fluid. At 16.9x 2012E P/E and 11.3x 2012E EV/EBITDA (vs. 15.5x P/E and 9.3x EV/EBITDA for the apparel peer group), we find valuation reasonable and initiate with a HOLD rating."
For an analyst ratings summary and ratings history on VF Corp. click here. For more ratings news on VF Corp. click here.
Shares of VF Corp. closed at $161.01 yesterday.
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