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Fly News Breaks for July 15, 2019
PVH
Jul 15, 2019 | 09:26 EDT
RBC Capital analyst Kate Fitzsimmons keeps her Outperform rating and $125 price target on PVH Corp, saying that while the company offers several drivers for sequential improvement in the second half of the year, the stock is "pricing in skepticism" at 8-times her expected FY20 earnings. The analyst cites the company's product and marketing initiatives, contributions from its acquisitions and easier comps, with an added "kicker" of margin recovery at its Calvin Klein brand. Fitzsimmons contends that PVH Corp stock offers a "favorable" risk-reward.
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