Brean Murray Carret & Co. Reiterates a 'Buy' on Phillips-Van Heusen (PVH); Q4 Preview - A Must Own Name

Brean Murray Carret & Co. reiterates a 'Buy' on Phillips-Van Heusen (NYSE: PVH) price target raised from $82 to $105.

Brean analyst said, "We are reiterating our Buy rating on PVH, raising our 4QFY12 EPS to $1.10 (from $1.08), raising our FY13EPS to $6.03 (from $5.98) and rolling out quarterly estimates and introducing FY14 EPS of $7.00, up 16.1% YoY...we believe the company’s dominant worldwide brands (Tommy Hilfiger and Calvin Klein) and leading domestic positions in the men’s shirts and neckwear position them to drive further global share gains and receive a multiple at the high end (or a premium) to traditional apparel players. We continue to view PVH as one of the dominant, must own names in the apparel sector."

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 $89.55 yesterday.

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