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Fly News Breaks for August 30, 2018
PVH
Aug 30, 2018 | 14:53 EDT
BofA Merrill Lynch analyst Heather Balsky thinks investors put PVH Corp. shares "in the penalty box" because of an operating margin guide down at Calvin Klein, which led some to question if the long-term growth algorithm is breaking down. She views the post-earnings pullback as "a particularly good opportunity," stating that the underlying business remains healthy and the flexibility of the company's model should help it navigate near-term challenges. Balsky reiterates her Buy rating and $180 price target on PVH shares.
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