Wells Fargo raised the firm’s price target on PVH Corp. (PVH) to $100 from $85 and keeps an Equal Weight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on PVH:
- PVH Corp. upgraded to Buy from Hold at Jefferies
- Optimistic Buy Rating for PVH: Strategic Initiatives and Attractive Valuation Drive Positive Outlook
- PVH Appoints David Savman as Global President
- PVH Corp. upgraded to Mixed from Negative view at BWG Global
- PVH Corp. price target lowered to $85 from $95 at Wells Fargo