BofA raised the firm’s price target on Ralph Lauren (RL) to $380 from $360 and keeps a Buy rating on the shares. Brand momentum remains “robust” in all geographies and the firm sees continued margin expansion opportunities, says the analyst, who raised the firm’s FY26 and FY27 EPS estimates by 5% and 6%, respectively, driven by the Q2 beat and improved sales and margin forecasts.
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:
- Ralph Lauren’s Strong Performance and Strategic Positioning Reinforce Buy Rating
- Ralph Lauren sees FY26 revenue increasing 5%-7%
- Ralph Lauren expects Q3 revenue to grow approximately mid-single digits
- Ralph Lauren reports Q2 adjusted EPS $3.79, consensus $3.45
- Notable companies reporting before tomorrow’s open