Ralph Lauren (RL): Raising PT But Acknowledge Lack of Visibility Beyond '17
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UBS Raises Price Target on Ralph Lauren (RL) to $117; Reiterates Buy
August 11, 2016 9:31 AM EDTUBS reiterated a Buy rating on Ralph Lauren (NYSE: RL), and raised the price target to $117.00 (from $115.00), following the company's 1Q earnings report. RL delivered revenues in line with its MSD% guidance, and guided 2Q revenues to M/HSD% above consensus at -10%.
Analyst Michael Binetti commented,... More
