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      VFC Stock Spiked After Analyst Upgrade

      By Fahim Awan

      Published on

      November 16, 2023

      12:44 PM UTC

      VFC Stock Spiked After Analyst Upgrade

      V.F. Corporation (NYSE: VFC) witnessed a notable ascent in its stock value during the recent trading session, experiencing a substantial increase of 14.13% to culminate at $17.77. This surge was precipitated by a favorable shift in analyst sentiment. Specifically, on Wednesday, JP Morgan elevated its rating for V.F. Corporation stock from “Underweight” to “Neutral.” Simultaneously, the analyst firm revised its price projection for VFC stock, elevating it from $15 to $19.

      In addition to the financial developments, VFC’s prominent action sports brand, Vans, has announced the forthcoming Vans Pipe Masters event scheduled to take place from December 8 to 20, 2023, on the North Shore of Oahu. Last year’s inaugural edition witnessed triumphant performances by Balaram Stack and Molly Picklum, with Balaram expressing that Pipeline had provided an unparalleled experience in his career.

      The return of this specialized event will bring together the world’s foremost tuberiders in surfing’s revered arena. A meticulously curated group of 40 men and 20 women, selected by the VFC brand, will grace the Pipeline in December, marking another chapter in the enduring connection between Vans and the North Shore of Oahu.

      Vans remained steadfast in its commitment to contributing to the local community on the North Shore. In addition to integrating the artistic creations of local artist Solomon Robert Nui Enos into the event and supporting grassroots Hawaiian organizations such as Na Kama Kai, North Shore Community Land Trust, and Sustainable Coastlines of Hawai’i, Vans has ensured that half of the invitees to the Vans Pipe Masters are residents of Hawaii and Native Hawaiians.

      This deliberate inclusion aims to perpetuate the legacy of Hawaiian surfers showcasing their skills on the global stage, particularly at their iconic wave. Moreover, Vans has taken a progressive stance by offering equal prize money for both male and female competitors, recognizing and fostering equal opportunities. The prize purse of $420,000 awaits those who triumph in the competition and earn the revered Vans Pipe Masters trophy.

      The event introduces an innovative leaderboard format, where participants navigate three rounds in pursuit of their three highest-scoring rides. The top four male and top four female surfers emerging from these rounds will vie for victory in the finals, adding an extra layer of anticipation to this prestigious competition.

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