Citigroup maintained its Buy rating and $104 PT on PVH PVH as the company unveils results for its second quarter of fiscal year 2013 on Monday after close.
Citigroup said, "Despite macro uncertainty, we favor PVH in the apparel universe because of its global secular growth story and attractive valuation. We believe PVH benefits from pricing leverage, power-brands CK/Tommy, Tommy savings, global growth, & increasing sourcing visibility. Our target price is $104.
PVH closed at $87.94 on Friday.
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