Movado initiated with a Buy at BWS Financial

BWS Financial initiated coverage of Movado (MOV) with a Buy rating and $31.50 price target Movado invested in brand ambassadors in 2024, resulting in lower earnings and deletion from the S&P 600, notes the analyst, who believes this pullback presents an opportunity given that the investment was not supposed to last for more than a year. Movado has more than $10 a share in cash and a commitment to preserving the cash dividend of $1.40 per share, the analyst added.