PVH Stock Gaining on Credit Suisse Upgrade
Shares of PVH Corp. (PVH) were rising by 1.09% to $106.44 on Tuesday morning, following a rating upgrade to "outperform" from "neutral" at Credit Suisse.
The firm hiked its price target on the apparel company to $136 from $114 as well.
The firm believes that the Calvin Klein parent company's international opportunity could add $2.1 billion in revenue and $3 in earnings per share. Credit Suisse sees international markets as taking away the risk in the soft North American market.
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PVH Corp. is a New York City-based company that operates through three segments, Calvin Klein, Tommy Hilfiger, and Heritage Brands.
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