UBS analyst Jay Sole lowered the firm’s price target on Ralph Lauren to $154 from $157 and keeps a Buy rating on the shares. The firm has become "increasingly bearish" on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, the firm noted.
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Read More on RL:
- Ralph Lauren upgraded to Buy from Neutral at BofA
- Ralph Lauren price target raised to $119 from $114 at Deutsche Bank
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