PVH Corp. price target raised to $80 from $75 at Piper Sandler

Piper Sandler raised the firm’s price target on PVH Corp. to $80 from $75 and keeps a Neutral rating on the shares post the Q2 report. The analyst says the company continues to make solid progress on its PVH+ plan. While the stock’s valuation appears inexpensive, Piper remains cautious on near-term U.S. wholesale dynamics as well as apparel demand broadly, the analyst tells investors in a research note.