PVH Corp. price target raised to $105 from $100 at Evercore ISI

Evercore ISI analyst Michael Binetti raised the firm’s price target on PVH Corp. to $105 from $100 and keeps an Outperform rating on the shares ahead of the company’s Q3 report. The analyst sees “very few under-valued, powerful 2024 self-help stories” like PVH that can drive outsized margin expansion even if industry demand remains sluggish and believes PVH is at the start of a multi-year cost structure renovation. The analyst reiterates PVH as a Top Pick.