Goldman Sachs Reiterates Conviction Buy on Ralph Lauren (RL)

Goldman Sachs maintained their Conviction Buy and $200 price target on Ralph Lauren (NYSE: RL).

"Consistent with initial guidance, we believe FY13 is shaping up to be a tale of two halves with 1H lapping tough top-line compares and 2H benefitting from margin opportunity from lower commodity costs that is being reinvested to build a long-term franchise in China. With 1Q beat, 2Q now recalibrated, and 2H set to accelerate, we recommend investors capitalize on the recent pullback and buy this global franchise," said analyst Adrianne Shapira.

She also maintained FY13E/FY14/E/FY15E EPS of $8.25/$9.60/$11.25.

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 $151.35 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy