In this report: PVH Corp. (NYSE:PVH), Doral Financial Corp. (NYSE:DRL) and Huntsman Corp. (NYSE:HUN).
PVH Corp. (NYSE:PVH) is sitting over 2.6 percent higher today after the company received an upgrade by analysts at Credit Suisse. The Swiss financial giant upped its rating on the company previously known as Phillips-Van-Heusen to ‘Outperform’ from ‘Neutral’ while increase their price target on the company to $105 from $72. Credit Suisse cited the company’s improved visibility for growth in both its domestic and international Tommy Hilfiger business. PVH Corp. currently trades at $91.70 per share.
Doral Financial Corp. (NYSE:DRL) has soared 22 percent today after an article surfaced stating that Citigroup sold a $416.2 million collateralized loan obligation for Doral Leveraged Asset Management, according to three people close to the deal. The deal includes a $269.5 million piece rated by Standard & Poor as AAA and pays an interest rate of 147 basis points more than the London interbank offered rate. Citigroup and Doral have yet to comment on the story but that did not stop Doral Financial from soaring during Monday’s session to a current price of $1.88 per share.
Huntsman Corp. (NYSE:HUN) is trading over 6.7 percent higher today after DealReported said that the company has hired Bank of America to explore a potential sale of the company. Huntsman Corp. has seen over 6 million shares of volume today with rallying to a current price of $14.96 per share.
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