PVH Corp. price target lowered to $95 from $105 at Evercore ISI

Evercore ISI analyst Michael Binetti lowered the firm’s price target on PVH Corp. (PVH) to $95 from $105 and keeps an Outperform rating on the shares. Guidance for FY25 EPS has been revised down by 14% due to operational disruptions and increased markdowns, despite a slight Q1 EPS beat, the analyst tells investors in a research note. There are indications of share loss in the U.S. and slowing trends in China, which could pressure PVH’s brand performance moving forward, the firm says.