Goldman Sachs: Ralph Lauren Still a “Conviction Buy” (RL)


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Apparel maker Ralph Lauren Corp ( RL ) on Tuesday caught some further positive commentary from analysts at Goldman Sachs.

Goldman Sachs reiterated its "Conviction Buy List" rating and $200 price target RL shares, which suggests a 13% upside to the stock's Monday closing price of $176.78.

The analyst said RL "should deliver margin-accretive growth in the near and long term," noting that "While RL's valuation of 22X gives pause to some investors, we believe current EPS estimates understate the true near-term and long-term EPS potential and therefore the stock is more compelling than it seems."

Ralph Lauren shares fell $2.67, or 1.5%, in early trading Tuesday.

The Bottom Line
Shares of Ralph Lauren ( RL ) have a .45% dividend yield, based on last night's closing stock price of $176.78. The stock has technical support in the $160-$162 price area. The shares are trading at all-time highs.

Ralph Lauren Corp ( RL ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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