Wells Fargo raised the firm’s price target on Ralph Lauren (RL) to $300 from $275 and keeps an Overweight rating on the shares. The firm remains a buyer post another robust print. Ralph Lauren’s fundamental story continues to impress, highlighted by DTC momentum, stabilized wholesale and ongoing margin opportunity. Tariffs are manageable, demand trends are not slowing, while the full year plan is conservative, Wells adds.
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Read More on RL:
- Ralph Lauren price target raised to $295 from $250 at Citi
- Cautious Hold Rating for Ralph Lauren Amid U.S. Market Pressures and Strategic Adjustments
- Ralph Lauren price target raised to $321 from $260 at Barclays
- Ralph Lauren’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
- Ralph Lauren’s Strong Global Growth and Brand Strength Make It a Compelling Buy