Ralph Lauren price target raised to $360 from $321 at Barclays

Barclays raised the firm’s price target on Ralph Lauren (RL) to $360 from $321 and keeps an Overweight rating on the shares post the fiscal Q1 report. The company posted strong comp sales momentum, margin expansion, accelerating investments in the business, and capital return to shareholders, the analyst tells investors in a research note. The firm views Ralph Lauren’s outlook as conservative.