Ralph Lauren's Brand Appeal Will Propel Growth Amid Gains From Expansion In Underpenetrated Categories: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Ralph Lauren Corporation (NYSE:RL), raising the price target to $155 from $140. The analyst expects Q1 EPS of $2.09, net revenue to be down 0.5% Y/Y to $1.48 billion, and a flat operating margin of 12.7%. Telsey applauds RL's recent developments, including expansion in underpenetrated categories, and expects these to deliver accelerated topline growth.
August 04, 2023 | 6:37 pm
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Ralph Lauren's price target has been raised to $155 from $140 by Telsey Advisory Group, which expects Q1 EPS of $2.09 and net revenue to be down 0.5% Y/Y. The company's recent developments are expected to deliver accelerated topline growth.
The raised price target and Outperform rating by Telsey Advisory Group indicates a positive outlook for Ralph Lauren. The analyst's expectations of Q1 EPS and net revenue, along with the company's recent developments, are likely to influence the stock positively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100