Ralph Lauren price target raised to $328 from $250 at Jefferies

Jefferies raised the firm’s price target on Ralph Lauren (RL) to $328 from $250 and keeps a Buy rating on the shares. Q4 was “a solid beat and highlights continued brand momentum,” the analyst tells investors in a post-earnings note. The company’s fiscal year guidance “skews especially prudent/conservative” for macro factors such as tariffs, price elasticity, and consumption slowdown concerns, added the analyst, who argues that the stock’s premium P/E multiple is “justified.”