CNBC Pro

Higher taxes at Calvin Klein owner PVH will hit profits and hold back stock gains, Morgan Stanley says

Pedestrians walk past a Calvin Klein jeans store in Beijing.
Keith Bedford | Bloomberg | Getty Images

Higher taxes will hurt this apparel company known for brands like Calvin Klein and Tommy Hilfiger, Morgan Stanley says.

More In Street Calls

CNBC ProJefferies sees 'attractive entry point' for Snowflake, upgrades shares and predicts 35% upside
CNBC ProGoldman says buy the pullback in oil and other commodities
CNBC ProCiti cuts year-end S&P 500 target, but sees second-half bounce