Elevated Offering Propels Ralph Lauren's Momentum Despite Macro Challenges: Analyst
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Ralph Lauren Corp (NYSE:RL) with a price target of $140. The company reported better-than-expected 4QF23 EPS of $0.90 and sales of $1.541 billion. Asia was a particular strength, and the company's efforts to elevate the offering and attract high-value new customers are showing success.
May 25, 2023 | 6:49 pm
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Ralph Lauren Corp (NYSE:RL) reported better-than-expected 4QF23 results, with strong sales in Asia and success in elevating offerings. Telsey Advisory Group analyst reiterated an Outperform rating with a $140 price target.
The better-than-expected 4QF23 results, strong sales in Asia, and the company's success in elevating its offerings contribute to a positive short-term impact on Ralph Lauren Corp's stock price. The Outperform rating and $140 price target from Telsey Advisory Group analyst further support this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100