PVH Corp. price target lowered to $149 from $157 at Barclays

Barclays lowered the firm’s price target on PVH Corp. to $149 from $157 and keeps an Overweight rating on the shares following the Q4 report. The European market softening is a step-change lower in the outlook, but the company’s guidance “embeds a significant amount of self-inflicted pain” for the health of the long-term business and PVH+ strategy, the analyst tells investors in a research note.