BofA raised the firm’s price target on Ralph Lauren (RL) to $328 from $318 and keeps a Buy rating on the shares. Accelerating sales across regions increase the firm’s confidence that share gains are sustainable, the analyst tells investors in a post-earnings note. The firm lowered its FY26 EPS forecast by 35c to $13.40, as its stronger Q1 forecast is more than offset by a more conservative second half outlook, but increased its target given a higher multiple to reflect increased conviction that share gains will continue.
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Read More on RL:
- Ralph Lauren price target raised to $300 from $275 at Wells Fargo
- Ralph Lauren price target raised to $295 from $250 at Citi
- Cautious Hold Rating for Ralph Lauren Amid U.S. Market Pressures and Strategic Adjustments
- Ralph Lauren price target raised to $321 from $260 at Barclays
- Ralph Lauren’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
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