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Fly News Breaks for May 31, 2019
PVH
May 31, 2019 | 05:32 EDT
Nomura Instinet analyst Simeon Siegel lowered his price target for PVH Corp. to $98 from $125 saying the company's Q1 results further validate that the optimism of 2018 has been replaced with a return to promotions and inventory growth across the channel. The shares are clearly "cheap," but "cheap stocks remain out of fashion at present," Siegel tells investors in a research note. He keeps a Neutral rating on PVH Corp.
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