BofA analyst Christopher Nardone raised the firm’s price target on PVH Corp. (PVH) to $88 from $76 and keeps a Neutral rating on the shares after Q2 results beat the firm’s and consensus estimates. While the Q3 EPS outlook was below Street expectations, the full year EBIT and EPS outlook was unchanged, notes the analyst, who views the lack of a guidance cut on higher tariff rates as a positive, but acknowledges a bigger tariff impact will flow through in 2026 due to timing.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PVH:
- Closing Bell Movers: MongoDB jumps nearly 30% after beat and raise
- PVH Corp. reports Q2 adjusted EPS $2.52, consensus $2.00
- PVH Corp. sees Q3 adjusted EPS $2.35-$2.50, consensus $2.94
- PVH Corp. backs FY25 EPS view $10.75-$11.00, consensus $10.84
- PVH Corp. options imply 7.2% move in share price post-earnings