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Ralph Lauren price target raised to $365 from $325 at Jefferies

Jefferies raised the firm’s price target on Ralph Lauren (RL) to $365 from $325 and keeps a Buy rating on the shares. Ralph Lauren’s brand elevation journey and growth strategy have ample runway ahead, while its medium-term guidance incorporates conservatism, the analyst tells investors in a research note. The firm expects broad-based momentum to remain.

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