By: Benzinga
UPDATE: Morgan Stanley Upgrades PVH Corp. to Overweight, Reiterates $134 PT
In a report published Monday, Morgan Stanley upgraded its rating on PVH Corp. (NYSE: PVH ) to Overweight, and reiterated its $134.00 price target. Morgan Stanley noted, “We believe the Warnaco acquisition, which is likely to close in February, improves the risk/reward on PVH significantly. We believe $0.35 accretion guidance
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