Ralph Lauren price target raised to $285 from $280 at Jefferies

Jefferies raised the firm’s price target on Ralph Lauren (RL) to $285 from $280 and keeps a Buy rating on the shares. For fiscal Q3, the firm models results at the high end of guidance, but “slightly below” the Street, the analyst tells investors in a preview for the fashion brands group. Although the stock move has likely reflected some of the upside opportunity, Ralph Lauren remains a “quality compounder” with signs of luxury improving a positive, the analyst added.