June 24, 2013 at 09:38 AM EDT
Piper Jaffray Upgrades PVH Corp to “Overweight” (PVH)

Piper Jaffray reported on Monday that it has raised its rating on apparel company PVH Corp (PVH).

The firm has upgraded PCH from “Neutral” to “Overweight,” and has given the company a $121 price target. This price target suggests that the stock will remain flat at its current price of $120.06.

Analysts noted that visibility catalysts have shown improvement.

PVH shares were down 61 cents, or 0.50% during Monday morning trading. The stock is up 8% YTD.

The Bottom Line

Shares of PVH Corp (PVH) have a 0.12% yield, based on Friday’s closing price of $121.00.

PVH Corp (PVH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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