Credit Suisse analyst Christian Buss upgraded PVH Corp. to Outperform and raised his price target for the shares to $136 from $114. The company's international opportunity could add an incremental $2.1B in revenue and $3.00 in earnings per share, Buss tells investors in a research note. He sees international markets as de-risking softness in North America.
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Jefferies analyst Ashley Helgans initiated coverage of PVH Corp. with a Hold rating and $115 price target. While the shares are "now cheap after recent Europe weakness," Jefferies wants to see sales stabilization and cost saving execution before stepping into the name, the analyst tells investors in a research note. More cost savings are needed to offset PVH's softer sales, says the firm.