U.S. Expected To Announce New Measures Restricting Chinese Companies From Accessing Technologies Enabling High-Performance Computing

– Reuters Citing New York Times

– Reuters Citing New York Times

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Apparel Company VF’s Fortune Will Not Turn For The Better, Says Analyst

Wedbush analyst Tom Nikic reiterated a Neutral rating on VF Corp shares, lowering the price target from $15.5 to $13. Nikic's checks suggest continued business challenges, with Vans being a significant issue. The analyst cut FY24-26 EPS forecasts and noted declining e-commerce traffic for The North Face and Vans. The company's highly-levered balance sheet adds further pressure.

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