** Shares of apparel company Ralph Lauren RL.N rise 0.7% to $221.64
** Goldman Sachs upgrades RL to "buy" from "neutral", raises PT to $286 from $280
** Says co has more limited exposure to key near-term macro risks versus peers, including tariffs, department store slowdown, and the health of the lower-income consumer
** "We believe improving execution and building momentum within the company’s brand elevation strategy is set to drive additional market share capture opportunities and margin expansion," brokerage says
** Adds that pullback in valuations across the apparel sector presents a buying opportunity
** Thirteen of 19 brokerages rate the stock "buy" or higher, 4 "hold" and 2 "sell"; median PT is $310 — data compiled by LSEG
** RL stock down 4.5% YTD, including session moves; it rose nearly 60.2% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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