Ralph Lauren price target raised to $268 from $258 at TD Cowen

TD Cowen raised the firm’s price target on Ralph Lauren (RL) to $268 from $258 and keeps a Buy rating on the shares. The firm updated its model following Q2 results which are indicative of a company with global momentum and improving customer acquisition. While marketing, merchandising, and DTC execution are inflecting, so too is the financial model and valuation could see more upside.