Yes, Ralph Lauren (RL) Has More Upside - Goldman Sachs

Goldman Sachs reiterated its Conviction Buy List rating and $200 price target on Ralph Lauren (NYSE: RL) citing near-term margin opportunity.

The firm said they continue to prefer brands to boxes and the Ralph Lauren brand "should deliver margin-accretive growth in the near and long term." Despite the recent upswing in the stock, Goldman said the risk/reward remains compelling on the near-term margin recovery opportunity and long-term global growth potential.

"While RL's valuation of 22X gives pause to some investors, we believe current EPS estimates understate the true near-term and long-term EPS potential and therefore the stock is more compelling than it seems," the analyst commented.

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 $176.78 yesterday.

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