Citi upgrades Ralph Lauren to Buy on post-selloff opportunity

Citi upgraded Ralph Lauren (RL) to Buy from Neutral with a price target of $400, up from $360. The firm expects the company to report a fiscal Q4 beat and says the year-to-date share selloff offers an “attractive buying opportunity.” Ralph Lauren should see continued momentum in fiscal 2027, the analyst tells investors in a research note. Citi thinks Ralph’s efforts to “elevate the brand have driven strong performance” while its higher income consumer should be able to handle the macro volatility.