Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Ralph Lauren Polos Are Back, Baby
© Reuters.
By Christiana Sciaudone
Investing.com -- Polo preppy is back in.
Ralph Lauren (NYSE:RL) jumped 2.7% after Cowen upgraded the stock to outperform from market perform as we set aside our loungewear.
Shares are up more than 75% this year, but the Street may be underestimating the stock, analyst John Kernan wrote in a note, boosting the price target to $152 from $110, CNBC said.
Demand for preppy luxe appears to be strengthening amid the company's cost-cutting measures, Kernan said.
“Ralph Lauren is somewhat unique in its positioning in that a series of operational restructurings were put in place pre-pandemic and, in some cases, accelerated through the pandemic, with the goal of emerging a stronger company post pandemic and for the long-term where the industry is likely to remain very digitally focused,” the note said.
It helps that we've saved a ton of money on top of receiving stimulus and have barely stepped out since March 2020.
“Wardrobe building into FY22 is a positive for the current environment where discretionary spend may shift to more formal apparel relative to the comfort/athletic trends that dominated 2020,” the note said.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.