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February 12, 2013
07:47 EDTGIII, PVH, GES, VFCBranded apparel group well positioned for 2013, says Cowen
Cowen believes the branded apparel group remains well positioned from a gross margin standpoint citing clean inventory levels, the benefit of a strong euro on margins and sales, and stabilization in Europe. The firm expects PVH Corp (PVH) to continue its operational momentum and has a favorable risk/reward entering 2013. Shares are Outperform rated.
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