Noble Capital upgraded Vince Holding (VNCE) to Outperform from Market Perform with a $2.50 price target after the company reported “solid” Q1 results and highlighted steps it has been taking to reduce its exposure to China, currently roughly 60% of its cost of goods sold. The company is sourcing from other countries and expects that China will be roughly 25% of its cost of goods by the end of 2025, notes the analyst, who says the company is mitigating tariff risks “much faster than expected.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Read More on VNCE:
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
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