Goldman Sachs analyst Brooke Roach upgraded Ralph Lauren (RL) to Buy from Neutral with a price target of $286, up from $280. The firm believes improving execution and momentum within the company’s brand elevation strategy will drive additional market share capture opportunities and margin expansion. Ralph Lauren’s “broad-based” geographic and category growth opportunity and “idiosyncratic drivers” of margin expansion provide stronger visibility to earnings growth ahead, the analyst tells investors in a research note. Goldman points out the company also has more limited exposure to key near-term macro risks versus it peers, including tariffs, department store slowdown, and the health of the lower-income consumer.
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