BofA raised the firm’s price target on Ralph Lauren (RL) to $328 from $318 and keeps a Buy rating on the shares. Accelerating sales across regions increase the firm’s confidence that share gains are sustainable, the analyst tells investors in a post-earnings note. The firm lowered its FY26 EPS forecast by 35c to $13.40, as its stronger Q1 forecast is more than offset by a more conservative second half outlook, but increased its target given a higher multiple to reflect increased conviction that share gains will continue.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RL:
- Ralph Lauren price target raised to $300 from $275 at Wells Fargo
- 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