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Fly News Breaks for August 22, 2016
PVH
Aug 22, 2016 | 07:32 EDT
UBS analyst Michael Binetti said PVH Corp. (PVH) remains a top pick and he expects the company to continue beating the Street and raising guidance through the year. The analyst believes the company's sources of long-term growth are underappreciated, including the closing of Macy's (M) stores, which he views as likely a positive for PVH. Binetti reiterated his Buy rating and $115 price target on PVH Corp. shares.
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