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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 16:41 EDT
BMO Capital analyst Simeon Siegel initiated coverage of PVH Corp. (PVH) with a Market Perform rating and $94 price target. While the analyst believes PVH Corp. deserves a lot of credit for growing Calvin Klein and Tommy Hilfiger into two of the largest brands in history, he believes Calvin Klein has "reached a revenue peak and could benefit from a greater focus on profits vs. sales." Siegel added that he could be more constructive on the stock if he sees evidence of the ability for the company to expand margins.
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