Citigroup downgraded its rating of Ralph Lauren RL to Neutral with a price target of $98.00, changing its price target from $140.00 to $98.00.
Shares of Ralph Lauren are trading down 1.23% over the last 24 hours, at $92.09 per share.
A move to $98.00 would account for a 6.41% increase from the current share price.
About Ralph Lauren
Founded in 1967 by Ralph Lauren, Ralph Lauren Corp. designs, markets, and distributes lifestyle products in North America, Europe, and Asia. Its products include apparel, footwear, eyewear, jewelry, leather goods, home products, and fragrances. The company's brands include Ralph Lauren Collection, Polo Ralph Lauren, Lauren Ralph Lauren, and Double RL. Distribution channels for Ralph Lauren include wholesale (including department stores and specialty stores), retail (including company-owned retail stores and e-commerce), and licensing.
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