PVH Corp. price target lowered to $92 from $100 at UBS

UBS analyst Jay Sole lowered the firm’s price target on PVH Corp. to $92 from $100 and keeps a Buy rating on the shares ahead of the Q4 results. The firm expects PVH to guide to FY23 EPS of $8.50-$9.00, and while the midpoint of this range is below the sell-side’s $8.96 view, this range will be above the market’s expectation, the analyst tells investors in a research note. The firm believes sentiment has room to improve, though the firm’s Evidence Lab and industry data suggesting PVH’s fundamentals are mixed.