Wells Fargo Maintains Equal-Weight on Ralph Lauren, Raises Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained its Equal-Weight rating on Ralph Lauren while raising the price target from $195 to $205, indicating a positive outlook on the company's stock performance.
October 23, 2024 | 2:38 pm
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Wells Fargo has raised its price target for Ralph Lauren from $195 to $205, maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's performance.
The increase in price target from $195 to $205 by Wells Fargo indicates a positive sentiment towards Ralph Lauren's future performance. Maintaining an Equal-Weight rating suggests that the stock is expected to perform in line with the market. This could lead to a short-term positive impact on the stock price as investors may view the raised target as a sign of confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100