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-0.000420664106495948 -0.00147910927767906 -0.00289036950592322 -0.00283609026637541 -0.00373169771891496 -0.00340602228162798 -0.00344673171128883 -0.00283609026637541
Stock impact report

Ralph Lauren price target boosted on stronger brand positioning among luxury peers [Yahoo! Finance]

Ralph Lauren Corporation (RL) 
Last ralph lauren corporation earnings: 2/4 08:01 am Check Earnings Report
US:NYSE Investor Relations: investor.ralphlauren.com
Company Research Source: Yahoo! Finance
Bank of America has raised its price objective on Ralph Lauren Corp (NYSE:RL) to $450 from $400 while reiterating a ‘Buy' rating, pointing to a longer-duration outlook for margin-accretive growth and additional earnings upside. Shares of Ralph Lauren traded hands at $369 on Thursday afternoon. The analysts now value the stock on a higher earnings multiple, reflecting what they see as a structural improvement in business quality and a more luxury-aligned positioning. “After multiple years of growth driven by a highly successful brand elevation strategy, the key debate on RL today is whether growth ahead justifies buying in at valuation well above peer and historical levels,” they wrote. “We say yes and reiterate ‘Buy;' we see a long horizon on margin-accretive growth opportunities supporting potential for EPS & valuation upside. While the stock already trades at a premium, they argue that continued brand elevation and more consistent earnings delivery support that gap. They Show less Read more
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