Ralph Lauren Gets Price Target Bumps By Analysts Following Better-Than-Expected Q4 Earnings
Portfolio Pulse from Lisa Levin
Ralph Lauren Corp (NYSE:RL) reported better-than-expected Q4 FY23 sales growth of 1% YoY to $1.54 billion, beating the consensus of $1.47 billion. Adjusted EPS of $0.90 also beat the analyst consensus of $0.61. Following the earnings announcement, Deutsche Bank, Barclays, and Telsey Advisory Group raised their price targets on Ralph Lauren.
May 26, 2023 | 11:20 am
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Ralph Lauren's better-than-expected Q4 earnings led to price target increases by Deutsche Bank, Barclays, and Telsey Advisory Group.
Ralph Lauren's Q4 earnings exceeded expectations, with sales growth of 1% YoY to $1.54 billion and adjusted EPS of $0.90. This positive news led to price target increases by Deutsche Bank, Barclays, and Telsey Advisory Group, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100