This PVH Analyst Believes Investor Concerns Are Overdone: ‘Better Trends Are Encouraging’
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Shares of PVH Corp (NYSE: PVH) were climbing on Monday, after last month’s steep decline.
The sell-off in the company’s stock following the release of quarterly earnings last month offers a “buying opportunity,” according to Wedbush.
The PVH Analyst: Tom Nikic upgraded the rating for PVH from Neutral to Outperform, while raising the price target from $113 to $128.
The PVH Thesis: While investors were disappointed by the company’s guidance for flat margins in full-year 2024, it has the opportunity to expand its margins by “hundreds …
Full story available on Benzinga.com
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