BofA analyst Christopher Nardone lowered the firm’s price target on PVH Corp. to $130 from $133 and keeps a Buy rating on the shares. Following Q2 results, the firm thinks valuation remains “compelling” given its forecast for 10% EPS growth next year, but BofA lowered its FY25 EPS estimate by 19c to $12.81, primarily to reflect a reduced sales forecast.
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- Closing Bell Movers: Nordstrom up 8% on earnings beat, narrowed guidance
- PVH Corp. raises FY24 EPS view to $11.55-$11.80 from $11.00-$11.25
- PVH Corp. sees Q3 adjusted EPS $2.50, consensus $3.12
- PVH Corp. reports Q2 adjusted EPS $3.01, consensus $2.29
- PVH Corp. options imply 7.8% move in share price post-earnings