Ralph Lauren (RL) Gets a Buy from Wells Fargo
Wells Fargo analyst Ike Boruchow reiterated a Buy rating on Ralph Lauren yesterday and set a price target of $415.00. The company’s shares closed yesterday at $374.90.
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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Nike, thredUP, and Kontoor Brands. According to TipRanks, Boruchow has an average return of 0.1% and a 46.77% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ralph Lauren with a $434.25 average price target, a 15.83% upside from current levels. In a report released today, Barclays also assigned a Buy rating to the stock with a $439.00 price target.
Based on Ralph Lauren’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $1.98 billion and a net profit of $151.6 million. In comparison, last year the company earned a revenue of $1.7 billion and had a net profit of $129 million
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