TD Cowen analyst John Kernan lowered the firm’s price target on Ralph Lauren to $142 from $150 and keeps an Outperform rating on the shares. The firm thinks management needs to show progress toward the mid-teens EBIT margin laid out last year while Q2 margin guidance implies pressure while remaining cautious on the magnitude of the H2:24 inflection.
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Read More on RL:
- Ralph Lauren price target raised to $141 from $139 at Barclays
- Ralph Lauren CEO: We are well positioned for the long term
- Ralph Lauren (NYSE:RL) Delivers Q1 Beat; Asia Sales Rise by Double Digits
- Ralph Lauren says expects operating margin to expand in Q3, Q4
- Ralph Lauren backs FY24 revenue view up low-single digits, consensus $6.62B