Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Ralph Lauren Corporation (NYSE: RL), with an unchanged price target of $155.
The analyst remains bullish on RL as momentum in China has been strong, and the company looks to stay disciplined in building a platform for long-term growth.
Management emphasized that momentum has been vital in China, with sales growing more than 50% in the first quarter as the business lapped easier compared to last year's Shanghai lockdowns, notes the analyst.
The analyst also applauds RL's strong presentation showcasing a comprehensive brand experience, including Ralph ...