Ralph Lauren price target raised to $321 from $260 at Barclays

Barclays raised the firm’s price target on Ralph Lauren (RL) to $321 from $260 and keeps an Overweight rating on the shares following the fiscal Q4 report. The company reported strong comp sales momentum, margin expansion, accelerating investments in the business, capital return to shareholders, and a conservative guide for the year, the analyst tells investors in a research note.