Ralph Lauren: Jefferies still a buyer

(CercleFinance.com) - The analyst confirms his Buy recommendation with a target price of $195 following its Q1 2024/2025 results (i.
e. April-June 2024).

The first quarter was slightly better across the board in a challenging environment. The second half of the year should see improvements, the broker says.

We continue to regard Ralph Lauren as a high-quality brand with an increasingly attractive business model supported by the elevation of the brand, Jefferies adds.

The current P/E of 12.5x, in line with its 5-year average, has significant room to grow over the long term.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.