Credit Suisse and UBS both reported on Thursday that they have raised their price targets for apparel company, Ralph Lauren Corp(RL).
Credit Suisse, which currently has a “Outperform” rating on RL, has increased its price target on the company to $198. This price target suggests a 12% increase to the stock’s current price of $174.34. Analysts have raised their price target due to improved international growth.
UBS also increased their price target on RL, raising it to $195, a 10.5% increase from the stock’s current price. The firm currently has a “Buy” rating on RL.
Ralph Lauren shares were mostly flat during Thursday morning trading. The stock has increased 11.5% in the past year.
The Bottom Line
Shares of Ralph Lauren Corp(RL) have a 0.92% yield, based on Thursday morning’s price of $174.34.
Ralph Lauren Corp(RL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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