PVH Corp. price target raised to $159 from $158 at UBS

UBS raised the firm’s price target on PVH Corp. to $159 from $158 and keeps a Buy rating on the shares. UBS thinks PVH has the brand strength and balance sheet to drive earnings growth over the long term and expects the company to deliver a double digit EPS compound annual growth rate, the analyst tells investors in a research note. The firm thinks there are major margin unlocks that will play out over the next few years.