Wells Fargo lowered the target price of clothing retailer Weifu Group from $16 to $15, and downgraded the rating from “neutral” to “reduced holdings.” According to the bank, the survey showed that the Vans brand under the Weifu Group may have stagnated, and warned that the growth of The North Face brand may be at risk in the next few quarters.

Wells Fargo lowered the target price of clothing retailer Weifu Group from $16 to $15, and downgraded the rating from “neutral” to “reduced holdings.” According to the bank, the survey showed that the Vans brand under the Weifu Group may have stagnated, and warned that the growth of The North Face brand may be at risk in the next few quarters.