Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ralph Lauren (RL) to $275 from $240 and keeps an Overweight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on RL:
- Ralph Lauren price target raised to $335 from $300 at UBS
- Ralph Lauren price target lowered to $260 from $310 at Barclays
- Ralph Lauren price target lowered to $262 from $286 at Goldman Sachs
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- Ralph Lauren upgraded to Overweight from Equal Weight at Wells Fargo