Goldman Sachs Keeps Top Rating on Ralph Lauren (RL) After Q4 Results, Says Buy Pullback
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Price: $166.93 -0.76%
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Goldman Sachs reiterated their Conviction Buy List rating and $200 price target on Ralph Lauren (NYSE: RL) following sold Q4 results Tuesday. The firm said the guidance was likely conservative, citing the strong brand and execution.
"We continue to recommend that investors seize the recent pullback to trade into RL’s global franchise as yesterday’s results outlined a brand with global momentum across existing and new categories (denim and accessories), and a management team navigating choppy geographies (Europe) and opportunistically growing in “high-returning” potential ones (China)," the analyst said.
Goldman adjusted FY13E/FY14E/FY15E EPS to $8.25/$9.60/$11.25 from $9.00/$10.50/$12.15 to reflect accelerated investments in China as well as unfavorable currency impact.
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 are down 2.1 percent mid-day to $147.13.
"We continue to recommend that investors seize the recent pullback to trade into RL’s global franchise as yesterday’s results outlined a brand with global momentum across existing and new categories (denim and accessories), and a management team navigating choppy geographies (Europe) and opportunistically growing in “high-returning” potential ones (China)," the analyst said.
Goldman adjusted FY13E/FY14E/FY15E EPS to $8.25/$9.60/$11.25 from $9.00/$10.50/$12.15 to reflect accelerated investments in China as well as unfavorable currency impact.
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 are down 2.1 percent mid-day to $147.13.
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