Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ralph Lauren (RL) to $275 from $225 and keeps an Equal Weight rating on the shares. The firm cites another material beat/raise from Ralph Lauren as its brand heat continues to accelerate, while total revenue growth pushes higher due to stabilization in U.S. wholesale. There are no fundamental holes to poke as the story likely continues to re-rate, Wells adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RL:
- Ralph Lauren Exceeds Expectations, Raises 2025 Outlook
- Ralph Lauren Shines in Earnings Call with Strong Growth
- Ralph Lauren price target raised to $330 from $285 at Jefferies
- Ralph Lauren price target raised to $310 from $257 at Barclays
- Early notable gainers among liquid option names on February 6th
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue