Goldman Sachs analyst Brooke Roach upgraded PVH Corp. to Buy from Neutral with a price target of $126, up from $99. The analyst believes PVH’s sequentially improving execution against strategic initiatives set out by the company’s PVH+ plan will support a “significant improvement in profitability” into 2024. The firm sees a clear path for PVH to recapture several hundred basis points of margin from moderating product costs, freight pressures, and currency costs.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PVH:
- PVH Corp. price target raised to $158 from $125 at UBS
- PVH Corp. price target raised to $107 from $90 at BMO Capital
- PVH Corp. price target raised to $100 from $81 at Morgan Stanley
- PVH Corp. price target raised to $111 from $102 at Telsey Advisory
- PVH Corp. price target raised to $114 from $105 at BofA
