Ralph Lauren price target raised to $141 from $139 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Ralph Lauren to $141 from $139 and keeps an Overweight rating on the shares. The company delivered a strong fiscal Q2 earnings beat with upside driven from international growth and healthy gross margin, the analyst tells investors in a research note. While the near-term guidance is short of expectations, driven largely by timing shifts in operating expenses and European wholesale, Ralph Lauren’s margin expansion has “continued runway” through the year, the firm says.