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Ralph Lauren price target raised to $151 from $148 at Cowen
The Fly

Ralph Lauren price target raised to $151 from $148 at Cowen

Cowen analyst John Kernan raised the firm’s price target on Ralph Lauren to $151 from $148 and keeps an Outperform rating on the shares. The analyst said management’s slight lowering of EBIT margin should be overshadowed by better than expected sales and consensus estimates which are underestimating a 2024 gross margin recovery as freight costs and FX should turn to tailwinds by 2H.

Published first on TheFly

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