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Brean Murray Carret raises its price target from $85 to $105 on Buy-rated PVH Corp
PVH on higher estimates ahead of Q4.
Brean Murray Carret notes, "We believe the company's dominant worldwide brands (Tommy Hilfiger and Calvin Klein) and leading domestic positions in the men's shirts and neckwear position them to drive further global share gains and receive a multiple at the high end (or a premium) to traditional apparel players. We continue to view PVH as one of the dominant, must-own names in the apparel sector."
PVH closed at $89.55 a share on Friday.
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