tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Insider buying of PVH Corp. an ‘encouraging show of confidence’, says Needham

Needham keeps a Buy rating and $100 price target on PVH while noting that the insider purchase of stock by its CEO represents an “encouraging show of confidence” by the management that’s demonstrating their confidence in the current state of the business. While the macro environment is undoubtedly challenging, shares have been overly punished, particularly with accretion from cost efficiencies and the G-III licenses hitting the P&L the next 3 years, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1