Apparel maker Ralph Lauren Corp (
) 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
The Bottom Line
Shares of Ralph Lauren (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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