PVH Corp (PVH) Price Target Lifted at Barclays

PVH Corp (NYSE: PVH) is flat today despite bullish commentary from analyst at Barclays earlier. Analyst Joan Payson lifted her price target on PVH from $140 to $150 while reiterating an Overweight rating.

Payson said, "Our initial call reflected our confidence in the company's ability to begin to benefit from a turnaround of the acquired Calvin Klein businesses in 2H14 and beyond. Ahead of earnings, our conversations revealed negative sentiment around the company's potential guidance for 2014, while management's recently announced plans call for over 20% EPS growth in the back half of 2014, which reinforces our optimism around the initiatives underway. We believe expectations have been reset and see significant potential for upside."

For an analyst ratings summary and ratings history on PVH Corp click here. For more ratings news on PVH Corp click here.

Shares of PVH Corp closed at $125.92 yesterday.

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