PVH Corp (PVH) PT Lowered to $149 at Barclays

Barclays analyst Adrienne Yih lowered the price target on PVH Corp (NYSE: PVH) to $149.00 (from $157.00) while maintaining a Overweight rating.

The analyst commented, "The European market softening is a step-change lower in the outlook, but we do think the guidance embeds a significant amount of self-inflicted pain (notably in European digital wholesale) for the health of the long-term business and PVH+ strategy. We reiterate our OW rating."

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