UPDATE: Goldman Sachs Raises PT on VF Corp. to $95 (VFC)

Goldman Sachs is out with its report today on VF Corp. (NYSE: VFC), raising its PT from $90 to $95.

In a note to clients, Goldman Sachs writes, "Based on 1Q11 upside and better FX, we raise our 2011/12/13 EPS to $7.11/$7.63/$8.15 from $6.97/$7.46/$7.97, and raise our 6-month, multiple-based price target to $95 from $90 (still based on 13x 4Q11-3Q12 estimate P/E)."

Goldman Sachs maintains Neutral on VFC.

At the time of posting, shares of VFC were trading pre-market at $101.10, up 0.54% from Friday's close.