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Fly News Breaks for July 17, 2019
PVH
Jul 17, 2019 | 05:06 EDT
Goldman Sachs analyst Alexandra Walvis downgraded PVH Corp. to Sell from Neutral and lowered her price target for the shares to $82 from $101. The analyst expects headwinds for wholesale-led apparel brands to intensify in the second half of 2019. Specifically, she forecasts ongoing headwinds at Calvin Klein, expects Tommy Hilfiger growth to fade, and sees risk to total company results given PVH's "heavy exposure" to North America wholesale and outlet channels.