Credit Suisse analyst Michael Binetti raised the firm’s price target on Ralph Lauren to $135 from $115 and keeps an Outperform rating on the shares. While the firm had some concerns on North America wholesale, Ralph Lauren delivered a "solid" Q3 in a very promotional holiday period, the analyst tells investors in a research note.
Published first on TheFly
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Read More on RL:
- Ralph Lauren CEO: Macro environment ‘choppy,’ consumer ‘resilient’
- Ralph Lauren backs FY23 revenue view up 13.5%-14%, consensus $6.28B
- Ralph Lauren sees Q4 revenue up mid- to high-single digits, consensus $1.45B
- Ralph Lauren reports Q3 EPS $3.20, consensus $2.92
- Ralph Lauren price target raised to $114 from $97 at Deutsche Bank
