Ralph Lauren price target raised to $195 from $165 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Ralph Lauren to $195 from $165 and keeps an Outperform rating on the shares. The company recently reported a strong quarter, with “significant” upside and an operating margin in line with consensus, the analyst tells investors. With operating momentum continuing through the first three quarters of the year, Telsey views the current outlook is “conservative,” and believes the company’s ongoing results is evidence of its success in attracting younger, high-value new customers. Overall, Ralph Lauren has the “right strategies in place” to deliver topline growth while generating gross margin leverage and expanding operating margins, the firm concludes.