PVH Corp. price target raised to $150 from $140 at UBS

UBS raised the firm’s price target on PVH Corp. (PVH) to $150 from $140 and keeps a Buy rating on the shares. UBS remains bullish on PVH’s ability to drive big earnings growth over the long-term as it implements its self-help initiatives, but in the near-term, the firm forecasts only a small EPS beat for Q1 due to global macro uncertainty, the analyst tells investors in a research note. UBS sees a balanced upside/downside skew over the event.