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Fly News Breaks for September 29, 2015
PVH
Sep 29, 2015 | 08:42 EDT
Cowen analyst John Kernan said he is more cautious on U.S. retail conditions for apparel and accessories after meetings with PVH management, but he also believes international strength for its Calvin and Tommy Hilfiger brands should offset North American weakness. Noting the stock has declined about 15% since September 4, Kernan said he would be a buyer and keeps an Outperform rating and $130 price target on PVH shares.
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