Barclays lowered the firm’s price target on PVH Corp. to $142 from $154 and keeps an Overweight rating on the shares post the Q2 report. The firm says PVH continued expansion in North America profitability with the potential for margin expansion into fiscal 2025. It views the stock’s valuation as inexpensive, which sets up for a favorable risk/reward.
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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