Needham raised the firm’s price target on Ralph Lauren (RL) to $335 from $310 and keeps a Buy rating on the shares. The stock is poised to continue showing momentum following its Q1 results this week, the analyst tells investors in a research note. The management’s brand-elevation strategy is resonating with consumers, and the company appears to be well-insulated from some of the macro headwinds facing other brands, the firm added.
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Read More on RL:
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- Ralph Lauren Holds Annual Stockholders Meeting, Elects Directors
- Ralph Lauren price target raised to $335 from $315 at Telsey Advisory
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