Ralph Lauren shares have gained about 12% to start off 2023, but the firm expects shares to rise another 20%.
Buy Ralph Lauren in a challenging retail environment, Bank of America says. Analyst Christopher Nardone upgraded the apparel stock to buy from neutral, and raised his price target, saying the brand can pull away from its peers as retailers deal with a promotional backdrop.
Ralph Lauren shares have gained about 12% to start off 2023. The stock outperformed the S & P 500 in 2022, losing 11%, as the broader index fell 19%. Still, the analyst's $145 price target, raised from $130 previously, suggests shares can rise another 22% from Friday's closing price. The stock added more than 2% in Monday premarket trading.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America is now financing EV home chargers - AutoblogBank of America announced it will finance at-home chargers for electric vehicles, with loans rolled into financing for the EV itself.
Read more »
Bank of America reveals the most undervalued stocks on Wall Street, including this motorcycle giantBank of America said this week that investors should buy these extremely undervalued stocks.
Read more »
George Lopez Criticized for Putting Down Latino Comedian Ralph BarbosaGeorge Lopez is getting dragged for seemingly putting down a young, up-and-coming comedian who's also Latino ... spurring a larger conversation about his legacy as it pertains to helping out Hispanic comics.
Read more »
‘Abbott Elementary’ star Sheryl Lee Ralph ready for her Super Bowl spotlight'We are watching the Sheryl Lee Ralph show,” R&B legend Babyface told reporters during Super Bowl week.
Read more »
Sheryl Lee Ralph on her historic Super Bowl act: ‘It’s just really neat’The Emmy-winning actress from 'Abbott Elementary' is the first person to perform “Lift Every Voice and Sing” live inside of a stadium for Super Bowl Sunday.
Read more »