Market Overview

UPDATE: Morgan Stanley Downgrades PVH Following Warnaco Acquisition

Share:
Related PVH
7 Stocks You Should Be Watching Today
PVH Corp, Atlantic Power, Carlyle Group Lead Monday's After-Hours Movers

In a report published Thursday, Morgan Stanley analyst Jay Sole downgraded the rating on PVH (NYSE: PVH) from Overweight to Equal-Weight.

In the report, Morgan Stanley noted, “We think a new key debate is how the weak sales, low traffic environment will affect PVH. 47% of its business is done in discount channels where pricing pressure is greatest. Plus, PVH lacks a strong online presence and the omni-channel capabilities others are using to offset weak traffic. Thus, we expect PVH is relatively more affected by the emerging environment than peers are. We now forecast margins flat or falling in 69% of PVH's business. Even in better channels, such as Macy's, we think PVH will feel price pressures.”

PVH closed on Wednesday at $122.04.

Latest Ratings for PVH

DateFirmActionFromTo
Jun 2015CitigroupMaintainsNeutral
Jun 2015JP MorganMaintainsNeutral
Jun 2015CitigroupMaintainsNeutral

View More Analyst Ratings for PVH
View the Latest Analyst Ratings

Posted-In: Jay Sole Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (PVH)

Around the Web, We're Loving...

Get Benzinga's Newsletters