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Upgrade Alert for Polo Ralph Lauren (RL)

By David Diaz

Polo Ralph Lauren (NYSE:RL) was upgraded from Underperform to Neutral at BofA/Merrill today. The stock closed yesterday at $93.74 on volume of 2.1 million shares, above average daily volume of 933,000.

There is potential upside of 54.2% for shares of Polo Ralph Lauren based on a current price of $93.74 and an average consensus analyst price target of $144.53. The stock should find initial resistance at its 50-day moving average (MA) of $95.02 and further resistance at its 200-day MA of $108.32.

In the past 52 weeks, shares of Polo Ralph Lauren have traded between a low of $82.15 and a high of $141.03 and closed yesterday at $93.74, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.

Polo Ralph Lauren Corporation designs, markets, and distributes men's, women's and children's apparel, accessories, fragrances, and home furnishings. The Company's products are sold under a wide range of brands. Polo's operatins include Wholesale, Retail and Licensing.

SmarTrend is monitoring the recent change of momentum in Polo Ralph Lauren. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Polo Ralph Lauren in search of a potential trend change.

Keywords: analyst upgrades/downgrades polo ralph lauren

Ticker(s): RL