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Fly News Breaks for November 27, 2019
PVH
Nov 27, 2019 | 07:57 EDT
RBC Capital analyst Kate Fitzsimons raised her price target on PVH Corp to $110 and kept her Outperform rating after its Q3 earnings beat and raised FY19 guidance. The analyst notes that the company's Q4 outlook has de-risked concerns about an intensifying competitive and promotional environment, and while FY20 looks to be a "sub low-to-mid-teens algorithm year", she remains bullish given PVH Corp's efforts on inventory and margins with estimated top-line growth of 1%-2%.
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