UPDATE: Bank of America Raises PT's for Ralph Lauren and PVH

According to a research report published earlier today, Bank of America has increased Ralph Lauren's

PT from $175 to $180, and increased PVH Corp.'s

PT from $80 to $90. In the report, Bank of America said, “Branded Apparel vendors stocks outperform the SP500 during the months of January – April, peaking in March. Given the seasonal outperformance of the branded apparel group, we are raising our (PO's)”. Ralph Lauren closed Friday at $176.61, while PVH closed Friday at $84.72.