Brean Murray Carret & Co Raises EPS Estimates on PVH

A report from Brean Murray Carret & Co reiterates its Buy rating and $85 price target, and raises its FY12/13 EPS estimates from $5.09/$5.79 to $5.26/$5.90 on PVH Corp. PVH. The report states, “We remain impressed with the company's ability to leverage the strong global performance of both the Tommy Hilfiger and Calvin Klein brands… to more than compensate for the weaker Heritage business. As PVH continues to expand these two powerful brands not only though its owned retail stores and by gain in multiple exposure in the wholesale sector, but through international joint ventures, we believe the company will thrust ahead and hoe to win decisively in this tough retail/macroeconomic environment.” PVH closed yesterday at $67.62.
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Posted In: Analyst ColorReiterationAnalyst RatingsBrean Murray Carret & Company
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