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

Jefferies lowered the firm’s price target on PVH Corp. (PVH) to $95 from $105 and keeps a Buy rating on the shares. While Q1 was mostly inline, the company lowered FY25 EPS guidance by about 14% as tariff mitigation levers are limited, promos have increased, and Calvin Klein platform issues remain, the analyst tells investors. While the lower guidance is “disappointing,” sales growth is mostly intact with greenshoots of brand momentum, though margin headwinds push out a potential EBIT inflection, the analyst added.