Evercore ISI raised the firm’s price target on PVH Corp. to $145 from $140 and keeps an Outperform rating on the shares after a Q1 EPS beat in what the firm calls “the kind of quarter that PVH needed.” Q2 was guided above the Street and PVH raised FY24 guidance, notes the analyst, who adds that Q2 guidance “looks conservative to us.”
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 Stock Down on Weak Sales Guidance, Announces C-Suite Changes
- PVH Announces Executive Changes at Tommy Hilfiger and Europe
- Options Volatility and Implied Earnings Moves Today, June 04, 2024
- PVH Corp. price target raised to $140 from $130 at Evercore ISI
- PVH Corp. price target raised to $153 from $145 at TD Cowen