Wells Fargo Maintains Overweight on PVH, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Overweight rating on PVH but lowers the price target from $145 to $130.
August 28, 2024 | 2:07 pm
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Wells Fargo has maintained its Overweight rating on PVH but reduced the price target from $145 to $130, indicating a more cautious outlook.
The reduction in the price target from $145 to $130 suggests a more cautious outlook on PVH's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100