Ralph Lauren price target raised to $207 from $195 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Ralph Lauren to $207 from $195 and keeps an Outperform rating on the shares. The firm recently hosted an investor dinner meeting with Ralph Lauren’s senior management, and the overall tone from the meeting was positive, the analyst tells investors. The brand is resonating with momentum globally and the company remains on the offense, the firm adds. Additionally, comparables and operating margin grew across all three regions in Q1 and AUR continued its year-over-year growth, demonstrating the success of the management’s strategies to elevate the brand, win in cities, and drive the core business, Telsey states.