PVH Corp. price target raised to $155 from $122 at Telsey Advisory

Telsey Advisory raised the firm’s price target on PVH Corp. to $155 from $122 and keeps an Outperform rating on the shares ahead of Q4 results. The firm continues to see improvement in brand health, with reported sales growth at both Calvin Klein and Timmy Hilfiger. The company remains on track to deliver double-digit operating margin for the year, and it continues to drive margin expansion through operating discipline in a choppy macro environment, the firm adds.