VF Corp (VFC, Financial) experienced a 3.7% decline in its stock price, reaching $19.57. The drop followed a downgrade by Wells Fargo, citing high valuation and slow profitability recovery as reasons. The rating was lowered to 'sell', with a new target price set at $15, which remains below the current price.
Goldman Sachs, on the other hand, maintained a neutral rating on VF Corp, setting a target price of $20.
