PVH Corp slips as TD Cowen downgrades to 'hold'

PVH

09/07/2025 11:57

** Shares of Tommy Hilfiger parent PVH Corp PVH.N down 2.4% at $72.11 premarket

** Brokerage TD Cowen downgrades stock to "hold" from "buy"; cuts PT by $24 to $74, just above the last close of $73.85

** Says tariff rates on apparel sourcing are moving materially higher than 10% based on recent US policy, suggests additional pricing actions and guidance adjustments

** Says rival Ralph Lauren's RL.N Europe, Asia segment sales growth and store growth potential will render PVH's return to durable growth challenging

** Average rating of 15 analysts is "buy"; with a median PT of $83 - data compiled by LSEG

** Up to last close, stock down 30% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))