Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ralph Lauren (RL) to $385 from $345 and keeps an Overweight rating on the shares. The firm has recently hosted meetings with CEO Patrice Louvet, CFO Justin Picicci and IR Corey Van der Ghinst. Consistency of growth and execution were focus for investors, as credibility in the brand’s elevation journey grows, Wells adds.
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:
- Ralph Lauren price target raised to $365 from $350 at Telsey Advisory
- Ralph Lauren price target raised to $385 from $375 at Evercore ISI
- Ralph Lauren price target raised to $435 from $421 at UBS
- Ralph Lauren price target raised to $358 from $352 at Barclays
- Ralph Lauren Reports Strong Q2 Results, Raises Outlook