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