PVH Corp. price target lowered to $80 from $101 at Jefferies

Jefferies lowered the firm’s price target on PVH Corp. (PVH) to $80 from $101 and keeps a Hold rating on the shares. The company reported a Q4 beat and gave FY25 guidance that was above the Street view and “better than feared,” the analyst tells investors. However, the operating and macro environments remain difficult with puts and takes and the company’s recent placement on China’s unreliable entities list remains a risk to operations in the region, the analyst tells investors in a post-earnings note.