PVH Corp. price target lowered to $98 from $113 at TD Cowen

TD Cowen analyst John Kernan lowered the firm’s price target on PVH Corp. (PVH) to $98 from $113 and keeps a Buy rating on the shares. The firm said operational challenges with Calvin Klein, Asia Pac particularly China weakness and tariffs take estimates and guidance lower. There were some signs of optimism around sales performance in U.S. and Europe in Q1 results and Q2 revenue guidance in the U.S.