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.
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