Apparel maker V.F. Corporation ( VFC ) on Tuesday saw its price target and earnings estimates raised by analysts at Morgan Stanley.
The firm maintained its "Overweight" rating and lifted its price target to $152, suggesting a 13% upside to the stock's Monday closing price of $134.44.
Morgan Stanley also boosted its earnings estimates for the company through 2013, noting that its recent acquisition of Timberland should continue to provide growth.
V.F. Corp shares were unchanged in premarket trading Tuesday.
The Bottom Line
Shares of V.F. Corp ( VFC ) have a 2.14% dividend yield, based on last night's closing stock price of $134.44. The stock has technical support in the $128-$130 price area. The stock is trading near all-time high levels of $140-$141 a share.
V.F. Corporation ( VFC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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