Phillips-Van Heusen's (NYSE:PVH) Revenue Trends, SG&A Control Improving

Citing the improved SG&A control and revenue trends of Phillips-Van Heusen's (NYSE:PVH), offset by $10 million of incremental advertising and higher tax assumptions in the fourth quarter, Goldman Sachs (NYSE:GS) said they're maintaining the "Conviction Buy List" rating on the company.

EPS estimates were raised on Phillips-Van Heusen by Goldman for full year 2010 from $3.69 to $3.87, for full year 2011 from $5.00 to $5.05, and for full year 2012 from $5.85 to $5.90.

Philips closed Monday at $69.38, dropping $0.62, or 0.89 percent. Goldman increased their price target on them from $70 to $85.