Ralph Lauren Reports Third Quarter Fiscal 2018 Results
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Ralph Lauren (RL) PT Raised to $106 at Wells Fargo, Remains Sidelined
February 1, 2018 2:49 PM ESTWells Fargo raised its price target on Ralph Lauren (NYSE: RL) to $106.00 (from $85.00) while maintaining a Market Perform rating.
Analyst Ike Boruchow notes while the quarter hit, the turnaround time remains uncertain.
Given tax and FX upside, they raise FY18E/FY19E estimates to $5.94/$6.23 vs. prior $5.50/$5.53.
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