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Fly News Breaks for September 25, 2018
PVH
Sep 25, 2018 | 18:58 EDT
DA Davidson analyst John Morris initiated PVH with a Buy rating and a price target of $167, saying its leadership brands Calvin Klein and Tommy Hillfiger should produce a compound annual sales growth rate of over 7% over the next 5 years. The analyst adds that both brands have "successfully repositioned with renewed energy" and expects PVH to generate "significant market share gains" as the company focuses more on direct-to-consumer sales channels.
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