PVH Corp. price target raised to $125 from $120 at Citi

Citi raised the firm’s price target on PVH Corp. (PVH) to $125 from $120 and keeps a Neutral rating on the shares. The company’s Q1 sales were weak and the earnings beat was driven by timing shifts and lower interest and taxes, the analyst tells investors in a research note. The firm says PVH’s business has not held up as well as Ralph Lauren’s (RL) and we are just at the start of weakening trends in Europe after years of good performance in the region.