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Raymond James Upgrades Ralph Lauren to Outperform With $410 Price Target

2026-07-22 01:02:29

RL1.71%

According to CNBC, on July 21, investment bank Raymond James upgraded its rating on Ralph Lauren (NYS:RL) from Market Perform to Outperform, setting a price target of $410, implying roughly 7% upside from the prior close. The firm cited favorable sales mix driving average unit retail sustainability, strong momentum in China's luxury market with lower penetration rates, and European expansion potential. Raymond James expects Ralph Lauren to report Q1 revenue growth of 8%, within the company's mid-to-high single-digit guidance range.

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