PVH Corp. price target lowered to $120 from $139 at Citi

Citi analyst Paul Lejuez lowered the firm’s price target on PVH Corp. to $120 from $139 and keeps a Neutral rating on the shares following the Q4 report. Despite a strong holiday, trends fell off globally in January and February, leading to fiscal 2024 guidance well below consensus, the analyst tells investors in a research note. The firm says PVH’s guidance highlights that sales are still a very important part of the margin equation going forward.