Cowen & Co. Sticks to Their Hold Rating for Ralph Lauren Corp

By Austin Angelo

Cowen & Co. analyst John Kernan reiterated a Hold rating on Ralph Lauren Corp (NYSE: RL) on September 13 and set a price target of $89. The company’s shares closed on Friday at $90.87.

According to TipRanks.com, Kernan is a 1-star analyst with an average return of -1.3% and a 48.5% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Abercrombie Fitch.

Currently, the analyst consensus on Ralph Lauren Corp is Hold and the average price target is $89.57, representing a -1.4% downside.

In a report issued on September 11, Needham also reiterated a Hold rating on the stock.

The company has a one year high of $114 and a one year low of $66.06. Currently, Ralph Lauren Corp has an average volume of 1.33M.

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Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: Wholesale, Retail, and Licensing.