Market Overview

UPDATE: Citigroup Raises PT on PVH Corp. on Further Upside Potential

Share:
Related PVH
US Stock Futures Jump Ahead Of Economic Data
Keep an Eye on These 10 Stocks for August 27, 2015
PVH Corp. (PVH) in Focus: Stock Adds 6% in Session (Zacks)

In a report published Wednesday, Citigroup analyst Kate McShane reiterated a Buy rating on PVH Corp. (NYSE: PVH), and raised the price target from $142.00 to $154.00.

In the report, Citigroup noted, “We reiterate our Buy following PVH's solid Q3 beat and continued momentum into the rest of the year and 2014, despite management's continued caution on guidance and the promotional retail environment. We remain confident in: 1) the Warnaco integration – remains on track and continues to outperform on the top-line, with ongoing repositioning/investments likely to drive strong LT growth (w/ more potential upside coming in 2H); 2) Continued global strength in the Tommy Hilfiger and Calvin Klein brands, which again outperformed in Q3; and 3) Valuation remains attractive at ~16x our updated forward year estimates.”

PVH Corp. closed on Tuesday at $132.64.

Latest Ratings for PVH

DateFirmActionFromTo
Aug 2015Buckingham ResearchMaintainsBuy
Aug 2015Deutsche BankMaintainsBuy
Aug 2015Piper JaffrayMaintainsOverweight

View More Analyst Ratings for PVH
View the Latest Analyst Ratings

Posted-In: Citigroup Kate McShaneAnalyst Color Price Target Analyst Ratings

 

Related Articles (PVH)

Get Benzinga's Newsletters