BMO Capital raised the firm’s price target on Ralph Lauren (RL) to $205 from $197 and keeps an Underperform rating on the shares. The company posted a top-and-bottom-line beat, with above-Street sales and gross margins, while its AUR – Average Unit Retail – growth continued, the analyst tells investors in a research note. Q4 was another encouraging positive sales and gross margin quarter for Ralph Lauren, still filled with recurring one-time expenses, cash nuances and likely conservative guidance, BMO added.
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