J.P. Morgan downgrades PVH Corp due to slow growth and economic challenges

From Investing.com: 2025-01-24 09:08:14

J.P. Morgan downgraded PVH Corp to “Neutral” due to slow topline growth and global economic challenges. The brokerage cut the price target to $113 from $149, citing concerns about Calvin Klein and Tommy Hilfiger parent company’s margins. Analysts see long-term brand improvement potential but warn of risks like currency fluctuations and economic headwinds. PVH faces challenges in reaching its operating margin target amidst a competitive environment and global uncertainties.



Read more at Investing.com: J.P. Morgan cuts PVH Corp rating to Neutral on global macro challenges By Investing.com