Wells Fargo raised the firm’s price target on Ralph Lauren to $195 from $175 and keeps an Equal Weight rating on the shares after meeting with the company’s new CFO Justin Picicci. The firm says Picicci was impressive with his grasp of the business/strategies, as messaging was centered around consistency in the prior playbook, optimism on DTC and bucking the trend overseas.
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Read More on RL:
- Ralph Lauren price target raised to $207 from $195 at Telsey Advisory
- Ralph Lauren price target raised to $200 from $195 at Barclays
- Ralph Lauren price target lowered to $175 from $180 at Wells Fargo
- Ralph Lauren price target lowered to $193 from $196 at TD Cowen
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