Movado: Improving Margins, Strengthening Brand Momentum, and Attractive Valuation Support Buy RatingWe are initiating coverage on Movado Group, Inc. (NYSE: Outperform rating and a $30 price target. We believe MOV has been caught up in tariff noise, providing a great entry point for a company with a recession-tested business model and an experienced management team focused on returning capital to shareholders through buybacks and a ~6.65% dividend yield.