Deutsche Bank Raises PVH Corp. Price Target (PVH)

Deutsche Bank announced on Monday that it has raised its price target on PVH Corp. (PVH) from $125.00 to $145.00. The firm also maintained its “Buy” rating on the company.

According to analyst Dave Weiner, the increased price target is primarily based on the apparel retailer’s potential synergies from its Warnaco integration, its out-year payoffs to 2013′s investments, and its “high quality” play on global growth. Weiner noted “Despite a recent slowdown in the U.S. apparel consumer, including impacts to promotions and discounting within the department and specialty store sectors, overall, we believe that the positive themes for PVH remain very much on the table.”

PVH Corp. shares traded 1.62% higher during Monday’s session. Year-to-date, the stock is up 16.25%.