Guggenheim analyst Robert Drbul raised the firm’s price target on PVH Corp. to $140 from $120 and keeps a Buy rating on the shares following the Q4 report. The analyst believes in PVH’s earnings per share growth potential of $20-plus, amplified by its “PVH +” initiatives. The firm continues to see an attractive risk/reward profile amid the post-earnings selloff.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PVH:
- PVH Earnings: PVH Beats Q4 Estimates, Outlook Sends Stock Lower
- Options Volatility and Implied Earnings Moves Today, April 01, 2024
- Options Volatility and Implied Earnings Moves This Week, April 01 – April 05, 2024
- PVH Corp. to issue 2024 outlook below Street, says UBS
- PVH Earnings this Week: How Will it Perform?