Wells Fargo Maintains Equal-Weight on Ralph Lauren, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Ralph Lauren (NYSE:RL) and increased the price target from $120 to $140.
December 22, 2023 | 1:18 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Ralph Lauren's Equal-Weight rating but raised the price target from $120 to $140, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Ike Boruchow suggests a bullish sentiment on Ralph Lauren's stock value in the short term. This could lead to increased investor confidence and a potential rise in the stock price as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100