Even though shares of Ralph Lauren Corp RL have lost more than 12.5 percent year-to-date, investors have seen a recuperation over the past few weeks. In the last month, the stock rebounded about 10.4 percent, and investors seem to believe the surge will continue.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
Probably baring this in mind, top raters at the Vetr community decided to upgrade the stock from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating. The crowd has set a $108.13 average price target, which implies an upside of almost 12 percent from current valuations. Interestingly, 91 percent of their ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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