UBS Lifts PVH Corp (PVH) PT Ahead of Q1 Report

On May 28, UBS raised the firm’s target on PVH Corp. (NYSE:PVH) from $140 to $150, while maintaining a Buy rating on the stock. The target price upgrade comes as the company gets close to reporting its Q1 2025 results.

PVH Corp. (NYSE:PVH) is an international apparel company known for its popular brands including Tommy Hilfiger, Calvin Klein, and Heritage Brands. The firm expressed its confidence in the company’s ability to drive significant earnings growth over the long term, particularly driven by its self-help initiative.

The self-help initiative refers to its PVH+ Plan, through which the company aims to drive sustainable, profitable growth and connect its brands more closely with consumers. During the fiscal fourth quarter of 2024, PVH Corp. (NYSE:PVH) reported revenue of $2.372 billion down 5% year-over-year. Notably, the company beat its EPS guidance last year. UBS expects the Q1 EPS beat to be minimal due to the global macro environment uncertainty. The company is set to report its Q1 2025 results on June 4,  2025

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