UBS says this clothing stock is one of its top picks and has 40% upside

Earnings News

UBS says this clothing stock is one of its top picks and has 40% upside
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PVH, parent of the Calvin Klein and Tommy Hilfiger brands, should be able to overcome macroeconomic headwinds and see strong earnings ahead, UBS said.

PVH , parent of the Calvin Klein and Tommy Hilfiger brands, should see strong earnings ahead, according to UBS. Analyst Jay Sole kept his buy rating and hiked his price target on the clothing maker by 9%, or $14, to $174, which implies potential upside of 43%. The stock is down about 1% this year, but is almost 7% higher in June.

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