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Goldman Sachs Added Polo Ralph Lauren (RL) to its Conviction Buy List

November 10, 2009 7:09 AM EST
RL Hot Sheet
Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36

Goldman Sachs added Polo Ralph Lauren (NYSE: RL) to its Conviction Buy List, saying the EPS opportunity is increasingly compelling. The firm set a new price target of $94, suggesting 15% upside.

The firm raised 2009 and 2010 EPS estimates again by +1-3% to $4.57 and $5.20, respectively, which is well ahead of the consensus of $3.89/$4.46, respectively.

The firm said, "we see growing value in RL shares as the firm's nearterm cyclical upside and longer-term category/geographic opportunities drive a pipeline of earnings beats."


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