UPDATE: Morgan Stanley Upgrades PVH Corp. to Overweight, Reiterates $134 PT
January 07, 2013 at 13:06 PM EST
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
