Ralph Lauren price target raised to $251 from $208 at TD Cowen

TD Cowen raised the firm’s price target on Ralph Lauren (RL) to $251 from $208 and keeps a Buy rating on the shares. The firm said the increase reflects its field work which highlights high levels of full price sell through and steady customer acquisition and retention trends. In Cowen’s view, the competitive position and the financial model/returns profile deserves a higher multiple.