BMO Capital raised the firm’s price target on PVH Corp. to $107 from $90 and keeps a Market Perform rating on the shares. The company delivered a SG&A-driven EPS beat and then raised FY23 EPS guidance for the second consecutive quarter, the analyst tells investors in a research note. Following the Heritage Intimates Apparel business sale, PVH management continues to narrow the focus around TH and CK and they continue to speak to the turning of trends, the firm added.
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Read More on PVH:
- 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
- PVH Corp. price target raised to $131 from $116 at Barclays
- PVH Corp. falls 5% to $86.50 after Q3 results, updated FY24 guidance