Deutsche lifts PT on PVH

|About: PVH Corp. (PVH)|By:, SA News Editor

Deutsche Bank hikes its PT on PVH to $145 ($125 previous) and reiterates a Buy rating ahead of the company's Q2 results announcement later today.

Analyst Greg Poole expects an in-line Q2, a modest raise, and continued long-term growth. Poole notes, "Despite a recent slowdown in U.S. apparel industry trends, the market should continue to like the PVH story given: (1) potential synergies from the Warnaco integration, (2) out-year payoffs to this year's investments, and (3) a high-quality play on global growth (particularly if Europe is bottoming)."