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TD Cowen raised the firm’s price target on PVH Corp. (PVH) to $125 from $110 and keeps a Buy rating on the shares. The firm said they reported Q4 results above already lowered expectations but, more notably, issued guidance that does indicate confidence in FY25, particularly from a margin perspective in the face of macro risks.

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• PVH Corp. price target lowered to $93 from $106 at BMO Capital

• Mixed Signals and Margin Pressures Lead to Hold Rating on PVH

• PVH Hold Rating: Balancing Strong Earnings with Expense Concerns and Uncertain Outlook

• Closing Bell Movers: PVH jumps 15% on earnings and guidance

• PVH Corp. sees FY25 EPS $12.40-$12.75, consensus $11.56