Price: $66.05, Change: $-0.61, Percent Change: -0.92%
Related Articles
Australia
Ralph Lauren Expected to Deliver Conservative Guidance With Ongoing Beat Potential, BofA Says
Ralph Lauren (RL) is likely to issue relatively conservative fiscal 2027 guidance while maintaining a track record of earnings beats, BofA Securities said in a Friday note ahead of the company's fiscal Q4 results on May 21.The analyst expects Q4 earnings per share of $2.45, slightly below Visible Alpha consensus of $2.52, noting that guidance is likely to align broadly with the company's three-year growth algorithm but leave room for upward revisions over time.BofA said growth momentum in North America and Asia should continue, while Europe remains a key focus following slower comparable sales trends, with ongoing macro and geopolitical pressures expected to weigh on near-term demand in that region.The bank flagged margin pressures, expecting a slight Q4 gross margin decline due to tariffs and a softer pricing mix, while still seeing continued earnings before interest and taxes margin expansion in 2027 and 2028 driven by pricing gains, cost efficiencies, and operating leverage.BofA maintains its buy rating on the stock with a price target of $450.Shares of Ralph Lauren were down 1.7% in Friday trading.Price: $328.35, Change: $-5.70, Percent Change: -1.71%
$RL
Australia
Applied Materials Visibility Extends Into 2027 Amid Strong Demand Trends, RBC Says
Applied Materials (AMAT) appears well-positioned given its leading position in DRAM and advanced logic, as well as exposure to new technologies such as gate-all-around, backside power delivery and 4F2, RBC Capital Markets said.Fiscal Q3 guidance for revenue and earnings per share of $8.95 billion and $3.36 at the midpoint was well ahead of consensus and RBC estimates, with visibility extending to eight quarters and commentary pointing to 2027 being another strong growth year, according to the note Thursday.RBC lifted its fiscal 2026 EPS estimate to $12.15 from $10.99 and its fiscal 2027 estimate to $15.77 from $13.58.Applied Materials has a strong position in advanced logic and advanced packaging and also benefits from generative AI demand. The transition to GAA has been a core driver, and RBC expects Taiwan Semiconductor's (TSM) adoption of backside power to be a tailwind in the second half of 2026.Management also lifted its longer-term Services growth forecast to mid-teens from low-teens due to the growing installed base and customer adoption of AI-enabled optimization solutions, the brokerage said.RBC maintained an outperform rating on Applied Materials and raised the price target to $520 from $500.Price: $433.00, Change: $-7.56, Percent Change: -1.72%
$AMAT
Australia
Vertiv Could See Upside to 2030 Targets as 'Hyper-Growth' Continues, RBC Says
Vertiv Holdings (VRT) could see upside to its 2030 targets, with investments in new platforms and manufacturing capacity keeping the company in "hyper-growth mode," RBC Capital Markets said in a Thursday note.RBC estimates Vertiv growing its topline by at least 20% to 25% organically through 2030, yielding a compound annual growth rate of over mid-to-high 20s for earnings per share, according to the note.Hyperscalers' capital expenditures are expected to drive the company's potential growth, with 12 years of implied US datacenter construction backlog maintaining the sector's dynamic of demand outstripping supply, RBC said.Vertiv is expected to feature its datacenter power/cooling technology for data center architecture at its upcoming investor meeting, the investment firm added.RBC raised its price target on Vertiv to $435 from $356, with an outperform rating.Price: $365.76, Change: $-10.48, Percent Change: -2.78%
$VRT