Telsey Advisory raised the firm’s price target on PVH Corp. (PVH) to $84 from $74 and keeps a Market Perform rating on the shares. The company delivered a healthy earnings beat, with better-than-expected topline growth and gross margin deleverage, the analyst tells investors. PVH has done work to strengthen its foundation in consumer engagement and marketplace executions, but near-term headwinds continue to weigh on consumer sentiment and discretionary spend globally, the firm adds.
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