Morgan Stanley Remains With Equal-weight Rating on PVH Corp

Analysts at Morgan Stanley maintained an Equal-weight rating on PVH Corp PVH Thursday.

On Wednesday, PVH Corp announced earnings after the market close. The company reported EPS of $1.51/share versus $1.42 estimates. Revenue missed expectations by $10 million, coming in at $1.98 billion.

For the second quarter, analysts at were expecting better Heritage brands sales trends, increased investments in eCommerce, and Warnaco Acquisition updates. Analyst Jay Sole Stated,” Even though PVH delivered a 2Q EPS beat, it did not show clear improvement in these three areas.”

PVH Corp maintained full-year EPS guidance, but reduced its revenue projections.

PVH Corp recently traded at $126.45 up 8 percent pre-market Thursday.