BofA raised the firm’s price target on Ralph Lauren (RL) to $450 from $400 and keeps a Buy rating on the shares. The key debate on Ralph Lauren is whether growth ahead justifies buying in at a valuation “well above peer and historical levels,” according to the analyst, who says “yes.” The firm sees a long horizon on margin-accretive growth opportunities supporting potential for earnings and valuation upside, the analyst tells investors.
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