Citigroup Sees Upside to Phillips-Van Heusen's 4Q, Maintains Buy

Citigroup has published a research report on Phillips-Van Heusen PVH and expects an upside to 4Q earnings given the recent increased momentum. In the report, Citigroup writes, "Management indicated that 4Q12 could be higher if current business trends continue. They noted on the call that business had accelerated from 3Q12 into November. Forward trends appear solid in November: U.S. retail business comps for CK/TH ran ahead over +15% against the men's single-digit comp store plan; Heritage business +LSD vs. a flat plan; CK/TH wholesale continue to perform ahead of sales plans." Citigroup maintains its Buy rating and $86 price target on Phillips-Van Heusen, which closed yesterday at $67.92.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsReiterationManagementPre-Market OutlookAnalyst RatingsCitigroup
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!