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Fly News Breaks for May 30, 2019
PVH
May 30, 2019 | 08:03 EDT
Wells Fargo analyst Ike Boruchow lowered his price target for PVH Corp. to $120 from $140 following Q1 results. While business was largely in-line with plan, ongoing CK weakness, FX pressure and new tariff headwinds all drove management to revise EPS guidance slightly lower for the fiscal year, the analyst notes. The analyst reiterates an Outperform rating on the shares as he continues to see a "compelling" risk/reward at current levels.
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