Wells Fargo raised the firm’s price target on PVH Corp. to $140 from $110 and keeps an Overweight rating on the shares. The firm is also reiterating PVH as a Top Pick. The improvements being seen in both inventory management and NA profitability are extremely noteworthy, says Wells, which adds that PVH’s margin outlook has begun to structurally move higher.
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Read More on PVH:
- PVH Corp. price target raised to $158 from $125 at UBS
- PVH Corp. price target raised to $107 from $90 at BMO Capital
- PVH Corp. price target raised to $100 from $81 at Morgan Stanley
- PVH Corp. price target raised to $111 from $102 at Telsey Advisory
- PVH Corp. price target raised to $114 from $105 at BofA