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UBS Increases Price Target for Ralph Lauren (RL)

By Dividend.com,  November 05, 2012, 08:53:56 AM EDT

UBS has raised their price target for clothing company, Ralph Lauren Corp( RL ) Monday.

The firm has given RL a "Buy" rating, and has raised their price target to $185. This price target suggests a 13% increase over the stock's current price of $160.75.

Ralph Lauren shares were mostly flat during premarket trading Monday. The stock is up 16% YTD.

The Bottom Line
Shares of Ralph Lauren ( RL ) have a 1.00% dividend yield, based on Friday's closing stock price of $160.75. The stock has technical support in the $150-$155 price area. If the shares can firm up, we see overhead resistance around the $165-$170 price levels.

Ralph Lauren Corp( RL ) is not recommended at this time, holding a Dividend.com 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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: RL



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