Ralph Lauren (RL): Many Moving Pieces But Raising PT - Cowen

November 11, 2016 6:43 AM EST
Get Alerts RL Hot Sheet
Price: $109.18 +0.28%

Rating Summary:
    9 Buy, 20 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 33 | New: 11
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Cowen analyst, John Kernan, reiterated his Market Perform rating on shares of Ralph Lauren (NYSE: RL) and raised his price target to $108.00 noting that inventory and gross margin are moving in the right direction with AURs increasing as unproductive SKUs are eliminated.

Consensus estimates seem fair into 2018 and the analyst expects volatility given store closures, restructuring charges and the uncertain timing of cost savings. The price target goes to to $108, from $101 on 9x EV/EBITDA, more in line with PVH.

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 $106.26 yesterday.



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