PVH Corp (PVH) PT Raised to $133 at Deutsche Bank Following 3Q

Deutsche Bank raised its price target on PVH Corp (NYSE: PVH) to $133.00 (from $131.00) while maintaining a Hold rating following the company's 3Q. The 3Q provided many encouraging points for bulls with International acceleration through HSD SSS, greater GPM gains, and ultimately above-algorithm EPS growth.

International remains the engine fueling 16.3% EPS growth in 3Q, with CK International comp up 9% and TH International comp up 7%. However, trends have improved lately in the U.S., with the last six weeks "very strong" and much better than projections, with CK NA comp running up MSD and TH NA running up HSD.

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