UBS analyst Jay Sole raised the firm’s price target on PVH Corp. to $115 from $92 and keeps a Buy rating on the shares. Despite multiple macro headwinds, UBS thinks PVH has the brand strength and balance sheet to drive earnings growth over the long term, and sees the company delivering a 5-year EPS CAGR of over 15%, the analyst tells investors in a research note. The firm says CEO Stefan Larsson has only just begun executing his plan to improve PVH’s profitability and thinks there will be "major margin unlocks" that will play out over the next few years.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PVH:
- PVH Corp. price target raised to $95 from $86 at TD Cowen
- PVH Corp. price target raised to $100 from $97 at JPMorgan
- PVH Corp. price target raised to $110 from $105 at Guggenheim
- PVH Corp. price target raised to $77 from $51 at Morgan Stanley
- PVH Corp. price target raised to $100 from $60 at Evercore ISI
