PVH Corp. price target lowered to $83 from $87 at Barclays

Barclays lowered the firm’s price target on PVH Corp. (PVH) to $83 from $87 and keeps an Overweight rating on the shares following the Q1 report. Management indicated it is “not yet” in a position to fully compensate for the macro headwinds and points to green shoots of growth and cost savings later in the year, but Barclays is left asking when the company can ultimately deliver on healthy and sustainable sales growth and margin, the analyst tells investors in a research note.