Ralph Lauren Reports Better-Than-Expected Second Quarter Fiscal 2016 Results

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Piper Jaffray Raises Price Target on Ralph Lauren (RL) Following 2Q Beat

November 6, 2015 9:46 AM EST

Piper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and raised the price target to $125.00 (from $116.00), following the company's 2Q earnings report. sales of $1.970B and EPS of $2.13 were well above Piper Jaffray's $1.944B and $1.70 estimate, respectively. The US retail environment remained challenged in Q2 with reduced tourist flows, higher... More