Two Firms Increase Their Price Target on Ralph Lauren (RL)
Credit Suisse and UBS both reported on Thursday that they have raised their price targets for apparel company, Ralph Lauren Corp(RL).
Credit Suisse, which currently has a “Outperform” rating on RL, has increased its price target on the company to $198. This price target suggests a 12% increase to the stock’s current price of $174.34. Analysts have raised their price target due to improved international growth.
UBS also increased their price target on RL, raising it to $195, a 10.5% increase from the stock’s current price. The firm currently has a “Buy” rating on RL.
Ralph Lauren shares were mostly flat during Thursday morning trading. The stock has increased 11.5% in the past year.
The Bottom Line
Shares of Ralph Lauren Corp(RL) have a 0.92% yield, based on Thursday morning’s price of $174.34.
Ralph Lauren Corp(RL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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