On Nov 09, major Wall Street analysts update their ratings for $Ralph Lauren (RL.US)$, with price targets ranging from $237 to $300.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $200 to $237.
Barclays analyst Paul Kearney maintains with a buy rating, and adjusts the target price from $200 to $257.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $250 to $300.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $240 to $255.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $251 to $258.
Furthermore, according to the comprehensive report, the opinions of $Ralph Lauren (RL.US)$'s main analysts recently are as follows:
The shares of Ralph Lauren are anticipated to outperform in the near-term owing to potential positive earnings surprises, which are expected to trigger upward revisions to sell-side estimates and subsequent multiple expansion. The market is likely to gain a greater appreciation for the transformational changes the company has implemented, including enhancements to its brand image, distribution model, and cost structure.
The company's recent report indicates an acceleration in comparable sales growth on a global scale, which is contributing to an increase in margins.
The firm noted that management's outlook for the second half of the year reflects a strong belief in the potential for gross margin expansion and cost efficiency leading to operating leverage.
Here are the latest investment ratings and price targets for $Ralph Lauren (RL.US)$ from 6 analysts:
Note:
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