Jefferies initiated coverage of Ralph Lauren with a Buy rating and $195 price target. The analyst likes the company for increasing brand quality, margin expansion, and management execution. The firm expects Ralph Lauren’s steady growth to continue based on momentum with brand elevation and younger customers. It sees the company’s solid growth profile, healthy balance sheet and capital returns, and strong execution leading to a relatively higher absolute multiple versus peers and increased investor interest.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RL:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue