PVH Corp. price target raised to $116 from $110 at Barclays

Barclays raised the firm’s price target on PVH Corp. to $116 from $110 and keeps an Overweight rating on the shares. While the increased guidance for the full year was driven below the line on tax and share repurchases, the operational and cost improvements are allowing the company to reinvest behind growth, return capital to shareholders, and should lead to outsized earnings growth into next year, the analyst tells investors in a research note.