Renowned financial services provider Barclays has recently updated its stance on PVH (PVH, Financial), maintaining its "Overweight" rating on the stock. The update, issued by analyst Adrienne Yih, includes a revised price target, now set at $83.00 USD, down from the previous target of $87.00 USD.
The adjustment represents a decrease of 4.60% from the prior price target. Despite this reduction, the "Overweight" rating suggests that Barclays continues to view PVH positively and expects the stock to outperform its peers in the market.
This latest assessment of PVH (PVH, Financial) by Barclays provides crucial guidance for investors and stakeholders looking to understand the dynamics and future performance of the stock. The financial community closely monitors such updates as they can influence trading strategies and investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for PVH Corp (PVH, Financial) is $89.62 with a high estimate of $146.00 and a low estimate of $64.00. The average target implies an upside of 35.99% from the current price of $65.90. More detailed estimate data can be found on the PVH Corp (PVH) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, PVH Corp's (PVH, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PVH Corp (PVH, Financial) in one year is $106.10, suggesting a upside of 61% from the current price of $65.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PVH Corp (PVH) Summary page.
