Telsey Advisory raised the firm’s price target on Ralph Lauren (RL) to $315 from $265 and keeps an Outperform rating on the shares. The company reported another strong quarter, with an earnings beat driven by stronger sales and gross margin, the analyst tells investors. Additionally, Ralph Lauren’s Q4 revenue guidance was ahead of expectations.
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:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue