VF Corp. recent pullback a buying opportunity, says Citigroup Citigroup said the recent pullback in VF Corp is a buying opportunity ahead of earnings. The firm believes shares have been pressured by recently warm weather and that there is limited downside at current levels. Shares are Buy rated with a $184 price target.
VF Corp., IFC distribute financing to Bangladeshi factories VF Corporation and IFC, a member of the World Bank Group, announced they have provided loans to three Bangladeshi garment factories under a new program for funding fire and building safety improvements. Through the financing arrangement, VF provides a full corporate guarantee for up to $10M that the IFC and its partner BRAC Bank lend to VF’s contract suppliers. VF’s guarantee to back the loans makes it possible for IFC to lend at lower interest rates. This initiative helps VF suppliers in Bangladesh overcome financial obstacles to improving workplace safety conditions.