Bank of America Downgrades PVH Due to EMEA Exposure and Slow Recovery Outlook
PVH Corp (NYSE:PVH) was downgraded by Bank of America from 'Neutral' to 'Underperform', with a reduced price target, due to concerns over its significant exposure to the Europe, Middle East, and Africa region. The bank cited weak demand in Europe amid geopolitical tensions and slower-than-expected recovery timelines.
Tickers: $BAC
Topics: analyst downgrade Bank of America Europe exposure PVH