Morgan Stanley Maintains Equal-Weight on PVH, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger maintains an Equal-Weight rating on PVH Corp. (NYSE:PVH) but lowers the price target from $120 to $100.
September 06, 2024 | 5:41 pm
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Morgan Stanley has maintained its Equal-Weight rating on PVH but has lowered the price target from $120 to $100, indicating a more cautious outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on PVH's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
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IMPORTANCE 80
RELEVANCE 100