This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Ralph Lauren (RL) Gets a Buy from Wells Fargo

Tipranks - Sat May 23, 4:28AM CDT

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.

Meet Samuel – Your Personal Investing Prophet

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

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.