V.F. Corporation (VFC)

VF Corp down as Wells Fargo downgrades stock to 'underweight'

Shares of VF Corporation (NYSE:VFC) were down 3.8% in pre-market trading on Monday following a downgrade from Wells Fargo, which revised the stock's rating to “underweight” from “equal weight.” The change reflects Wells Fargo’s concerns that recent optimism around VF’s turnaround efforts, especially at its Vans brand, may be premature and overestimated. VF Corporation, which owns major brands like Vans, The North Face, and Timberland, has enjoyed a 60% rally in its stock since mid-July, driven by catalysts such as the hiring of Sun Choe to lead Vans, the divestiture of the Supreme brand, and better-than-expected first-quarter results for fiscal 2025.