UBS Reiterates Buy Rating on PVH Corp (PVH)

UBS analyst Jay Sole reiterated a Buy rating and $160.00 price target on PVH Corp (NYSE: PVH).

The analyst comments "We think PVH has the brand strength and balance sheet to drive earnings growth over the long term. We forecast the company delivering a +DD% EPS CAGR. CEO Stefan Larsson is only in the middle innings of executing his plan to improve PVH's profitability and we think there are major margin unlocks that will play out over the next few years. As PVH's earnings rebound and long-term drivers become clear, we think the stock's 9x FY2 P/E expands as the market starts seeing more opportunity ahead. Our $160 price target is 34% above the current stock price."

For an analyst ratings summary and ratings history on PVH Corp click here. For more ratings news on PVH Corp click here.

Shares of PVH Corp closed at $119.25 yesterday.

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