Analyst Confidence Soars as Ralph Lauren Approaches Earnings

Ralph Lauren shares are drawing significant attention from Wall Street as the company prepares to release quarterly results this Thursday. The latest vote of confidence comes from Evercore ISI, which has issued a strong buy recommendation while substantially raising its price target from $340 to $375. This bullish adjustment arrives just three days before the fashion retailer’s earnings announcement, signaling robust expectations from the investment firm.

The positive sentiment extends beyond a single analyst. In late October, multiple financial institutions demonstrated similar confidence in the apparel company’s prospects. UBS maintained its buy rating while elevating its price target to $421. Meanwhile, Jefferies increased its objective to $385, and TD Cowen established a $399 target. Read more...