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Reuters
Published
Sep 21, 2015
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Ralph Lauren is trading at a discount

By
Reuters
Published
Sep 21, 2015

U.S. clothing design company Ralph Lauren looks like a buying opportunity, according to a report on Sunday in Barron's financial newspaper, which said the company's investment in new technology should lead to rising profit in coming years.

NYFW: Ralph Lauren, SS16 collection - Foto: Ansa


Much of Ralph Lauren's recent woes appear tied to currency swings, which tend to self-correct over time, Barron's said.

The company's shares closed Friday at $109.38, a level not seen since late 2010. Barron's said the stock could hit $135 over the next year.

Barron's said the company, which gets about two-thirds of its revenue from North America, has room to grow in Europe and Asia.



 

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