Barclays Maintains an 'Overweight' on Phillips-Van Heusen (PVH); Q4 Preview

Barclays maintains an 'Overweight' on Phillips-Van Heusen (NYSE: PVH) price target raised from $90 to $100.

Analyst, Robert S. Drbul, said, "We remain comfortable with our 4Q11 estimate of $1.10, $0.01 above consensus, as well as our 2011 estimate of $5.30...We expect 4Q11 revenue to grow 8.0% to $1.51 billion, comprising increases of 12.0% and 10.0% in the Tommy Hilfiger and Calvin Klein businesses, respectively."

"Looking to 2012, we view our EPS estimate of $6.00 as conservative, as it reflects a $(0.25) impact from FX and a $(0.15) impact from pension losses."

For an analyst ratings summary and ratings history on Phillips-Van Heusen click here. For more ratings news on Phillips-Van Heusen click here.

Shares of Phillips-Van Heusen closed at $88.73 yesterday.

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