Telsey Advisory downgraded PVH Corp. (PVH) to Market Perform from Outperform with a price target of $82, down from $95. The firm adjusted ratings as part of its 2026 outlook. PVH is making Increased investments in marketing to drive sales in Asia, the analyst tells investors in a research note. Telsey believes the company is in transition as it brings its previously-licensed Calvin Klein and Tommy Hilfiger businesses in-house against an uncertain operating environment.
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