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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RL: