PVH Corp. price target raised to $154 from $149 at Barclays

Barclays raised the firm’s price target on PVH Corp. to $154 from $149 and keeps an Overweight rating on the shares post the Q1 report. The company reported significant improvement in North America profitability, an improvement in wholesale, and trades at an inexpensive valuation that sets up for favorable risk/reward as the company executes on the PVH+ playbook and focuses on higher-quality sales, the analyst tells investors in a research note.