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Wall Street faces a wave of risk-off sentiment on Wednesday, as traders adopt a cautious stance ahead of NVIDIA Corp.
PVH reports a beat and raise quarter, but its stock continues to decline. Analysts say its guidance is worse than it appears.
BMO Capital analyst Simeon Siegel maintains PVH (NYSE:PVH) with a Market Perform and lowers the price target from $119 to $106.
Wells Fargo analyst Ike Boruchow maintains PVH (NYSE:PVH) with a Overweight and lowers the price target from $145 to $130.
Sentiment on Wall Street could be guarded until Nvidia Corp’s (NASDAQ:NVDA) earnings are in the rearview mirror.
PVH shares are trading lower after the reported its second-quarter financial results and guided a third-quarter revenue decline...