Ralph Lauren (RL) Stock: $162 Target And Buy Rating

By Amit Chowdhry ● Jun 23, 2022
  • The shares of Ralph Lauren Corp (NYSE: RL) have received a $162 price target from UBS. These are the details.

The shares of Ralph Lauren Corp (NYSE: RL) recently received a $162 price target from UBS. And UBS analyst Jay Sole is maintaining a “Buy” rating on the shares.

Sole adjusted the rating after conducting the UBS Evidence Lab’s 6th Global Fast Fashion survey. These findings indicate that Ralph Lauren is one of the world’s strongest apparel brand names and while the stock prices of Softlines will remain under pressure due to inflation, investors will look for high-quality brands trading at deep valuation discounts to historical levels when the market turns. Plus Sole also noted that Ralph Lauren will be a strong choice when this happens.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.