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Phillips-Van Heusen (PVH -1%) shares slide despite Deutsche Bank's upgrade to Buy with a $100...

Phillips-Van Heusen (PVH -1%) shares slide despite Deutsche Bank's upgrade to Buy with a $100 price target from its previous $31. The firm's client meetings suggest short-term concerns take a back-seat to long-term opportunities: "Relatively safe exposure to Europe, EPS visibility, still-reasonable valuation and further potential catalysts should drive incremental P/E expansion."
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