Guggenheim analyst Robert Drbul lowered the firm’s price target on PVH Corp. (PVH) to $105 from $120 and keeps a Buy rating on the shares. Citing expectations of softer demand trends at PVH, the firm reduced its FY24 and FY25 EPS estimates to $11.70 and $12.60 from $11.80 and $12.80, respectively, the analyst tells investors in a department stores and specialty softlines preview note.
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Read More on PVH:
- PVH Corp. downgraded to Neutral at BofA on less likely margin upside
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- PVH Corp. price target lowered to $100 from $120 at Morgan Stanley
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