Barclays Raises Price Target and Estimates on Ralph Lauren (RL) Post Q3 Review
Get Alerts RL Hot Sheet
Price: $158.96 +1.04%
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Barclays maintains an 'Equalweight' on Ralph Lauren (NYSE: RL) price target raised from $140 to $180.
Analyst, Robert S. Drbul, said, "Given upside to the quarter and updated margin expectations, partially offset by a higher tax rate and a negative impact to the top line from FX in 4Q11, we are raising our FY12 EPS estimate to $7.00 from $6.85. In FY13, we expect a benefit from easing cost pressures despite a moderation in top line growth, and are accordingly raising our FY13 EPS to $8.25 from $8.00."
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 $171.49 yesterday.
Analyst, Robert S. Drbul, said, "Given upside to the quarter and updated margin expectations, partially offset by a higher tax rate and a negative impact to the top line from FX in 4Q11, we are raising our FY12 EPS estimate to $7.00 from $6.85. In FY13, we expect a benefit from easing cost pressures despite a moderation in top line growth, and are accordingly raising our FY13 EPS to $8.25 from $8.00."
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 $171.49 yesterday.
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