Fly News Breaks for March 29, 2019
Mar 29, 2019 | 08:38 EDT
RBC Capital analyst Kate Fitzsimons raised her price target on PVH to $145 and kept her Outperform rating after its strong Q4 results showed "impressive momentum" in its International and Tommy Hilfiger business. The analyst notes that in spite of the FX, tax, and interest rate headwinds in 2019, the company's low double-digit earnings growth guidance "restores confidence" in its earnings algorithm and will likely see more stock upside this year from Tommy and Calvin Klein margin recovery.
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