CPRI - Gap Capri and Ralph Lauren headline list of top Wells retail picks
Wells Fargo says investor sentiment across the retail space has become much more challenged in recent weeks even with some material beats across the sector.The firm thinks the near-term setup has become more difficult to navigate, but it remains bullish on the U.S. consumer even as it looks to become more selective with stock selection in the group.The firm's top picks in the sector Capri Holdings (CPRI), Gap (GPS), L Brands (LB), Tapestry (TPR) and Ralph Lauren (RL).Capri and Ralph Lauren are noted to have seen some positive web trends in recent weeks.See the top rated apparel stocks as ranked by Seeking Alpha Quant Ratings.
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Gap, Capri and Ralph Lauren headline list of top Wells retail picks