Ralph Lauren price target raised to $185 from $160 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ralph Lauren to $185 from $160 and keeps an Equal Weight rating on the shares. The firm recently hosted an investor dinner with CEO Patrice Louvet, CFO Jane Nielsen and IR Corey Van der Ghinst. While the macro remains tough, management remains upbeat on their consumer, the sustainability of AUR and the positioning of the brand, Wells says.