BofA analyst Christopher Nardone upgraded Ralph Lauren to Buy from Neutral with a price target of $145, up from $130. In terms of U.S. wholesale, Ralph Lauren is best positioned among peer apparel vendors and the firm has confidence that its strong revenue trends can continue, the analyst tells investors in a research note. BofA also thinks management has "baked in an appropriate level of cautiousness" on the U.S. value channel and European wholesale business in their outlook, the firm noted.
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