TD Cowen lowered the firm’s price target on PVH Corp. to $135 from $149 and keeps a Buy rating on the shares. The firm noted caution regarding management’s targets continues among investors as valuation contraction continues. EBIT dollars are modeled to decline in 2H24 giving investors concerns on growth for FY25.
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Read More on PVH:
- PVH Corp. price target lowered to $130 from $145 at Wells Fargo
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- 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
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