B of A Securities Downgrades PVH to Neutral, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded PVH Corp. from Buy to Neutral and reduced its price target from $130 to $107.
October 02, 2024 | 11:20 am
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NEGATIVE IMPACT
B of A Securities downgraded PVH Corp. from Buy to Neutral, reducing the price target from $130 to $107, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst firm like B of A Securities typically signals a less favorable view on the stock's short-term performance. The reduction in the price target from $130 to $107 suggests expectations of lower future stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100