Evercore ISI lowered the firm’s price target on PVH Corp. to $130 from $135 and keeps an Outperform rating on the shares. PVH’s call did little to calm fears that its issues are brand-related and not only due to a worse Europe macro alone, the analyst tells investors in a research note. After the reset, guidance is now set conservatively and the EPS outlook is positioned to improve moving through 2024, the firm says.
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