PVH Corp (PVH) PT Raised to $105 at BofA Securities; sees compelling valuation
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Price: $84.98 +0.85%
Rating Summary:
18 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
18 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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BofA Securities analyst Christopher Nardone raised the price target on PVH Corp (NYSE: PVH) to $105.00 (from $100.00) while maintaining a Buy rating.
"We continue to see an attractive risk/reward with shares trading at 5.5x EV/EBITDA (F24) or 7.5x P/E (F24) as we expect the company will maintain its recent momentum to drive continued margin expansion beyond F23. We are increasing our PO to $105 (from $100) to reflect 6.5x EV/EBITDA (F24), compared to 7.5x (F23) previously as we roll forward our valuation methodology to ’24. Reiterate Buy."
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