As previously reported, Argus upgraded Ralph Lauren (RL) to Buy from Hold with a $250 price target The company is working to increase its average unit retail growth by attracting younger and less price-sensitive customers, the analyst tells investors in a research note. The firm says Ralph’s productivity enhancements, favorable cotton costs, and lower freight expense will help it boost margins. In addition, the economic reopening in China has boosted demand internationally, contends Argus.
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Read More on RL:
- Ralph Lauren upgraded to Buy from Hold at Argus
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- Ralph Lauren price target raised to $300 from $287 at UBS
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