By  on January 22, 2019

Investors were initially reassured by PVH Corp.’s swift action to remedy the fallout at Calvin Klein after Raf Simons’ departure, but some uncertainties are starting to emerge.

In a blow to the retailer, analysts at investment bank Cowen & Co. on Tuesday downgraded its stock from outperform to market perform for the first time in eight years, lowering its price target to $119 from $142.

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