PVH Corp. price target raised to $145 from $138 at Wells Fargo

Wells Fargo raised the firm’s price target on PVH Corp. to $145 from $138 and keeps an Overweight rating on the shares. Following Q4’s negative surprise/guide down, Q1 acts more as a sigh of relief, the firm says. While Wells doesn’t view the results as game changing to the thesis, it does appreciate beats/raises in today’s tough macro. The firm also notes that the stock is cheap, with numbers going up.