Evercore ISI initiated coverage of PVH Corp. with an Outperform rating and $100 price target. The analyst thinks a key theme for 2024 will be retail stocks with outsized margin expansion opportunities in the “very possible scenario” that industry demand is very slow. PVH is among the best self-help margins stories in the group, the analyst tells investors in a research note. The firm calls PVH a “powerful self-help story.”
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