Ralph Lauren (NYSE:RL) Upgraded by Zacks Investment Research to “Buy” – XNewsPress
According to Zacks, “Ralph Lauren surpassed the industry in the past year backed by robust earnings trend in recent quarters. Telsey Advisory Group lifted their price objective on shares of Ralph Lauren from $125.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, June 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts expect that Ralph Lauren will post 6.65 earnings per share for the current year.