Wells Fargo Maintains Overweight on PVH, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on PVH Corp (NYSE:PVH) and increased the price target from $110 to $140, indicating a positive outlook on the company's stock.
December 11, 2023 | 1:50 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed an Overweight rating on PVH Corp and raised the price target to $140, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Ike Boruchow can lead to a positive investor sentiment towards PVH Corp. This endorsement reflects a belief in the company's strong fundamentals or potential growth, which could result in an uptick in the stock price in the short term as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100