Telsey Advisory analyst Dana Telsey raised the firm’s price target on PVH Corp. to $111 from $102 and keeps an Outperform rating on the shares. The firm is raising FY23 EPS estimates to incorporate the Q3 beat and raise as well as expectations for continued margin expansion potential, the analyst tells investors in a post-earnings note.
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Read More on PVH:
- 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
- PVH Corp. cuts FY23 revenue growth view to up 1% from up 3%-4% prior view
- PVH Corp. raises FY23 EPS view to $10.45 from $10.35, consensus $10.35