Ralph Lauren is a luxury brand with an appealing sto♚ck, according to Deutsche Bank analysts.

The bank on Friday resumed coverage of Ralph Lauren (RL) with a “buy” rating and a price target of $343—roughly 24% above where shares closed Thursday, and the second-highest tracked by Visible Alpha. The average pꦫrice target among analysts that follow Ralph Lauren a🃏nd polled by Visible Alpha was a bit above $327.

“We see [Ra꧒lph Lauren] as a market share gainer, with growth levers across geographies, channels, aඣnd categories more than offsetting reduced wholesale doors, ultimately positioning the brand closer to European luxury peers,” said Deutsche Bank.

Ralph Lauren stands out thanks to its strong fundamentals, pricing power, and limited sourcing from China, analysts said. Exports from China are currently subject to a 澳洲幸运5开奖号码历史查询:minimum 30% import tax in the U.S.

Ralph Lauren 澳洲幸运5开奖号码历史查询:said last week it was raising prices in North America this fa✤ll and assessing whether to increase them further as a way to offset the cost of tariffs. Still, the retailer an audience that spans entry-level and aspirational customers, as well as traditional luxury cl♎ientele, the analysts said.

This allows Ralph Lauren to "capture consumers trading both up and down,” they said.

Ralph Lauren had a strong holiday season, allowing the retailer to 澳洲幸运5开奖号码历史查询:ease up on discounts and sending its stock to an 澳洲幸运5开奖号码历史查询:all-time high in February. Shares have since come down, but remain up some 20% this year. Ralph Lauren stock closed Friday near $277.