PVH Corp (PVH) Likely to Report a Modest Beat - UBS

UBS analyst Jay Sole reiterated a Buy rating and $145.00 price target on PVH Corp (NYSE: PVH) expecting the company to report a small 2Q EPS beat and modestly raise its FY21 outlook.

The analyst stated "This should result in the current $6.74 sell-side FY21 EPS estimate moving closer to our $7.77
view. At the same time, we think the news will be a positive for market sentiment, but only a minor one. The market probably expects good news, given many Softline companies have already reported big 2Q beat & raises. This likely limits stock price upside around the event. The options market is pricing in a +/- 6.0% jump over the event vs. a 5.3% historical average earnings day jump."

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 $110.45 yesterday.

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