Barclays Raises Price Target and Estimates on Ralph Lauren (RL) Post Q3 Review

Barclays maintains an 'Equalweight' on Ralph Lauren (NYSE: RL) price target raised from $140 to $180.

Analyst, Robert S. Drbul, said, "Given upside to the quarter and updated margin expectations, partially offset by a higher tax rate and a negative impact to the top line from FX in 4Q11, we are raising our FY12 EPS estimate to $7.00 from $6.85. In FY13, we expect a benefit from easing cost pressures despite a moderation in top line growth, and are accordingly raising our FY13 EPS to $8.25 from $8.00."

For an analyst ratings summary and ratings history on Ralph Lauren click here. For more ratings news on Ralph Lauren click here.

Shares of Ralph Lauren closed at $171.49 yesterday, with a 52 week range of $105.11-$178.47.

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