Ralph Lauren price target lowered to $353 from $360 at Barclays

Barclays analyst Paul Kearney lowered the firm’s price target on Ralph Lauren (RL) to $353 from $360 and keeps an Overweight rating on the shares. The company’s three-year growth plan of mid-single-digit sales growth with operating margin expansion of 100 to 150 basis points is conservative, the analyst tells investors in a research note. The firm believes Ralph Lauren “continues to drive profitable growth.”