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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Read More on RL:
- Ralph Lauren price target raised to $384 from $335 at UBS
- Ralph Lauren price target raised to $328 from $250 at Jefferies
- Ralph Lauren price target raised to $328 from $318 at BofA
- Ralph Lauren price target raised to $300 from $275 at Wells Fargo
- Ralph Lauren price target raised to $295 from $250 at Citi
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