Piper Sandler Upgrades VF Corp. as Vans Holds Seventh Spot With Teen Males

Piper Sandler upgraded VF Corp. to overweight from neutral Tuesday and lifted its price target to $20 from $16 after Vans showed stronger standing among teen shoppers. The move followed the firm’s new fall teen poll, which collected responses from roughly 9,000 teenagers. Vans remained the seventh-most-popular footwear brand among teen males, holding that position for the first time in two years. Among upper-income young men, Vans moved up one place from the previous year to rank as the ninth-most-popular shoe brand.

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