PVH Corp. price target raised to $144 from $122 at BofA

BofA raised the firm’s price target on PVH Corp. to $144 from $122 and keeps a Buy rating on the shares. The firm believes PVH’s long term margin opportunity remains intact and trends in Europe should continue to improve following the wholesale reset. BofA added that its new price target reflects a multiple relatively in line with the stock’s long-term average and a roll forward in valuation year.