Morgan Stanley analyst Alex Straton raised the firm’s price target on PVH Corp. to $100 from $81 and keeps an Equal Weight rating on the shares. A “meaningful” North America margin inflection more than offsets the impact of macro challenges in Europe and was the Q3 highlight despite a softer Q4 revenue outlook, the analyst tells investors. The firm leaves the report with increased execution conviction relative to last quarter, but still has questions around the sustainability of the North American margin trajectory and the near-to-mid-term outlook for Europe.
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Read More on PVH:
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