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Fly News Breaks for November 16, 2015
PVH
Nov 16, 2015 | 06:54 EDT
Piper Jaffray analyst Erinn Murphy says PVH Corp. has the most favorable risk/reward of the retail names she covers following the group's weakness over the last month. The stock is close to her downside scenario of $84 per share. She lowered her estimates for PVH to reflect currency and "lackluster trends" domestically and dropped her price target for the stock to $115 from $132. Murphy keeps an Overweight rating on the name.
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