Goldman Sachs Added Polo Ralph Lauren (RL) to its Conviction Buy List
More News related to RL
- Goldman Sachs Removed Coca-Cola Enterprises (CCE) from their Conviction Buy List
- Goldman Sachs Added Polo Ralph Lauren (RL) to its Conviction Buy List
- Polo Ralph Lauren (RL) Declares $0.10 Quarterly Dividend; 0.5% Yield
- Polo Ralph Lauren Announces Increase of Its Quarterly Cash Dividend and Additional $225 Million Stock Repurchase Authorization
- Polo Ralph Lauren (RL) Q3 Results Shows Why It Is Well Dressed (Update)
More News related to Trader Talk
- Strategist Says $1500/oz Gold Will Lead Oil Above $100/bbl
- Maturing Debt Could Strangle Banks (C, BAC, JPM)
- NYSE Issues Statement On "TBH"
- Sequenom (SQNM) Sees Upside
- GM's sale of Saab is off -CNBC
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."
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Analyst CommentsTrader Talk
Stocks Mentioned
-1.29Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
