Apparel maker Ralph Lauren Corp. (
) on Wednesday caught a big upgrade from analysts at Piper
The firm boosted its rating on RL from "Neutral" to "Overweight"
while lifting its price target from $158 to $182. That new target
suggests an 18% upside to the stock's Tuesday closing price of
Piper Jaffray noted the company's refined classics fashion
should attract customers in coming quarters.
Ralph Lauren shares were mostly flat in premarket trading
The Bottom Line
Shares of Ralph Lauren Corp (
) have a 1.04% dividend yield, based on last night's closing stock
price of $154.22. The stock has technical support in the $148-$150
price area. If the shares can firm up, we see overhead resistance
around the $160-$163 price levels.
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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