Despite the recent upswing in Ralph Lauren (RL -3.8%) shares, Goldman Sachs says the apparel...

|About: Ralph Lauren Corporation (RL)|By:, SA News Editor

Despite the recent upswing in Ralph Lauren (RL -3.8%) shares, Goldman Sachs says the apparel company's brand "should deliver margin-accretive growth in the near and long term," reiterating its Conviction Buy rating and $200 price target. "While RL's valuation of 22x gives pause," current EPS estimates understate its potential, thus "the stock is more compelling than it seems."