UPDATE: Goldman Sachs Resumes Coverage on Ralph Lauren Corp. with Neutral Rating, $205 PT Ahead of New Growth Drivers

In a report published Monday, Goldman Sachs analyst Lindsay Drucker Mann resumed coverage on Ralph Lauren Corp. RL with a Neutral rating and $205.00 price target. In the report, Goldman Sachs noted, “We resume coverage of RL with a Neutral rating and six-month price target of $205. RL has distinguished itself among apparel brands in its ability to deliver consistent top-line and EPS growth to shareholders. Over the past 10 years, RL has delivered 10% revenue growth and mid-teens EPS on average; over that period the company has only seen negative earnings in one period, similarly sales have stagnated only one time. Amongst mature apparel peers and in the backdrop of a space loaded with fashion and execution risk, managing multiple channels and geographies, consistency is a particular standout.” Ralph Lauren Corp. closed on Friday at $177.70.