Wells Fargo Van Kasper has initiated coverage on designer and manufacturer. Vans Inc, with a Buy Rating. John J. Shanley, footwear and athletic industries analyst at Wells Fargo Van Kasper said: "We are initiating coverage on Vans, Inc. with a Buy rating and a 12-month price target of $27.00, or 22x our FY02 EPS estimate of $1.23.