Wells Fargo Maintains Overweight Rating for PVH: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has reaffirmed its Overweight rating on PVH Corp (NYSE:PVH) and increased its price target from $110.00 to $140.00. PVH's shares have risen 1.01% in the last 24 hours to $109.35. The new price target suggests a potential upside of 28.03%. PVH, known for its Calvin Klein and Tommy Hilfiger brands, operates in over 40 countries with a focus on various fashion segments and has a history dating back to 1881.
December 11, 2023 | 5:00 pm
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Wells Fargo maintains an Overweight rating on PVH and raises the price target from $110 to $140, a potential increase of 28.03% from the current price.
The reaffirmation of the Overweight rating and the raised price target by a reputable financial institution like Wells Fargo can be seen as a strong positive signal to the market, potentially leading to increased investor confidence and a short-term rise in PVH's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100