Ralph Lauren price target raised to $150 from $141 at TD Cowen

TD Cowen analyst John Kernan raised the firm’s price target on Ralph Lauren to $150 from $141 and keeps an Outperform rating on the shares. The firm said our model and channel work suggests that consensus estimates are underestimating management s ability to execute toward a mid-teens EBIT margin target. Current valuation multiples underestimate the global brand elevation consistency of returns and future growth.