PVH Corp. price target raised to $75 from $58 at Cowen

Cowen analyst John Kernan raised the firm’s price target on PVH Corp. to $75 from $58 and keeps a Market Perform rating on the shares. The analyst noted management’s confidence on the North American positioning and execution for Tommy and Calvin Klein appears to be rising. He said FX transactional pressure and inventory remain headwinds into next year.