French bank Exane has downgraded VF Corporation to "underperform," with a target price of $10.

Exane analyst Laurent Vasilescu from the French bank in Paris downgraded VF Group's rating from "Neutral" to "Underperforming the market." The target price is set at $10, which implies a 21% decrease from its latest stock price. VF Group's quarterly earnings and sales, released on July 30th, exceeded expectations.