PVH Corp. price target lowered to $74 from $82 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on PVH Corp. (PVH) to $74 from $82 and keeps a Market Perform rating on the shares. The firm continues to see PVH as a business under transition, the analyst tells investors. While the company continues to make progress on its operational challenges at Calvin Klein, shipment delays have led to shorter selling seasons and contributed to margin pressure on top of tariff headwinds, the firm adds. Telsey is lowering its estimates given general macro uncertainty, tariff continuation, and broader geopolitical events weighing on consumer sentiment and spending.