Wells Fargo lowered the firm’s price target on PVH Corp. (PVH) to $95 from $105 and keeps an Equal Weight rating on the shares. Following the firm’s downgrade of PVH, one of its key concerns has become clearer, with China tailing risk following an investigation by the MOFCOM.
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Read More on PVH:
- Illumina added to China’s ‘Unreliable Entity List,’ says JPMorgan
- PVH Corp. price target lowered to $98 from $144 at Barclays
- PVH Faces Challenges with China’s Unreliable Entities List
- Illumina (NASDAQ:ILMN) and PVH among First Casualties in China’s Trade War Strike
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