PVH Stock Gaining on Credit Suisse Upgrade

The firm believes that the Calvin Klein parent company's international opportunity could add $2.1 billion in revenue.

Author:: Amanda Schiavo
Publish date:: May 30, 2017 9:59 AM EDT

Shares of PVH Corp. (PVH) - Get Report 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.

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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