As previously reported, Wedbush upgraded PVH Corp. to Outperform from Neutral with a price target of $128, up from $113. The firm views the roughly 25% selloff since earnings as a buying opportunity as it believes PVH still has “hundreds” of basis points of margin expansion opportunity, the analyst tells investors in a research note. The firm, which adds that it is encouraged by improving trends in North America, calls the valuation “compelling.”
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Read More on PVH:
- JPMorgan ups PVH Corp. target, adds to Analyst Focus List
- PVH Corp. price target lowered to $149 from $157 at Barclays
- PVH Corp. price target lowered to $120 from $139 at Citi
- PVH Corp. price target lowered to $140 from $155 at Telsey Advisory
- PVH Corp. price target lowered to $130 from $135 at Evercore ISI