PVH Corp. price target lowered to $92 from $112 at BofA

BofA lowered the firm’s price target on PVH Corp. (PVH) to $92 from $112 and keeps a Neutral rating on the shares. The firm is lowering its Q4 EPS forecast to $3.17 and lowering its FY25 EPS view by 50c to $11.50 as lower sales and margins are offset by improving foreign exchange, the analyst tells investors in a Q4 preview note. The firm doesn’t think Tommy Hilfiger and Calvin Klein will be immune to the weak U.S. consumer spending environment to start the year, the analyst added.