Wells Fargo maintains an 'Outperform/Top Pick' on PVH Corp (NYSE: PVH); Raising Numbers on Strong Momentum

Wells Fargo maintains an 'Outperform' on PVH Corp (NYSE: PVH) price target range $99-107 from $78-84.

Analyst, Evren Kopelman, said, "We see further upside potential to guidance as management noted that FQ1 2012 to-date trends are ahead of plan and we expect the Calvin Klein and Tommy Hilfiger brands to continue to gain market share. FY2011 EPS was 12% higher than the midpoint of PVH’s initial FY2011 guidance provided on March 28, 2011. We are raising our FY2012E EPS to $6.20 from $6.00 and introducing our FY2013E EPS of $7.10 (up 15% yr/yr)."

PVH is a Wells Fargo Top Pick for 2012, citing strong brand momentum and attractive valuation over offsets of macro risk and European exposure.

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 $89.33 yesterday.

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