Ralph Lauren just upgraded at Goldman Sachs, here’s why

Goldman Sachs upgraded Ralph Lauren to Neutral from Sell with a price target of $132, up from $107. The firm says the Ralph Lauren brand has been consistently stronger than its expectations despite a strained operating environment. The company’s’ growth strategy has helped to offset pressures in unit growth particularly in North America and brand momentum indicators have also been modestly more constructive in recent months, suggesting no imminent sequential pressure on revenue, the analyst tells investors in a research note.