BofA raised the firm’s price target on PVH Corp. to $114 from $105 and keeps a Buy rating on the shares after the company reported Q3 earnings above the firm’s estimate and Visible Alpha consensus. The firm, which thinks shares remain undervalued, is increasing it target to reflect the rerating in peer multiples, the analyst tells investors.
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Read More on PVH:
- 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
- PVH Corp. sees Q4 EPS $3.45, consensus $3.51