Telsey Advisory analyst Dana Telsey raised the firm’s price target on Ralph Lauren (RL) to $365 from $350 and keeps an Outperform rating on the shares. The company reported another “strong” quarter, driven by upside to sales and gross margin, the analyst tells investors. The firm notes Ralph Lauren’s supply chain is well diversified and expects continued brand momentum heading into the holiday season.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RL: