VF Corp slips after Stifel downgrades to 'hold'

Shares of VF Corp VFC.N down about 1% at $14.52 premarket
Brokerage Stifel downgrades stock to "hold" from "buy", citing risk/reward balance in shares

Says the $600 mln Dickies sale will ease capital constraints

"... a leg higher in shares requires confidence in accelerating fundamentals which we believe could be a year out," brokerage says

Also raises PT to $16 from $15, betting on divestiture outcome

Six of 24 brokerages rate the stock "buy" or higher, 15 "hold" and 3 "sell"; their median PT is $14 - data compiled by LSEG

Up to last close, VFC down about 31% YTD