UPDATE: Morgan Stanley Opens 15-Day Research Tactical Idea on PVH Corporation

Morgan Stanley opened a research tactical idea on PVC Corporation PVH today, believing that the share price will rise over the next 15 days. In the report, Morgan Stanley writes, "We believe PVH could reaffirm 4Q guidance at the top of the range or even exceed the range at the ICR Conference next week. We believe December sales continued to be strong for Tommy Hilfiger and that current guidance is conservative. Tommy Hilfiger is one of the only brands we track where promotions did not escalate throughout the month of December - we read this to mean that sales trends were strong all month." Shares of PVH Corporation are currently trading at $72.60, up 1.94% from yesterday's close.