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Ralph Lauren (RL) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Wed May 27, 7:08AM CDT

Goldman Sachs analyst Brooke Roach maintained a Buy rating on Ralph Lauren yesterday and set a price target of $448.00.

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Roach covers the Consumer Cyclical sector, focusing on stocks such as Kontoor Brands, Ross Stores, and Lululemon Athletica. According to TipRanks, Roach has an average return of 3.4% and a 53.31% success rate on recommended stocks.

In a report released on May 22, Barclays also assigned a Buy rating to the stock with a $439.00 price target.

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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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