10 Stocks on Jim Cramer and Wall Street’s Radar

3. Ralph Lauren Corporation (NYSE:RL)

Average Price Target Upside: 33.26%

Number of Hedge Fund Holders: 43

Ralph Lauren Corporation (NYSE:RL) takes its place among the stocks that are on both Cramer’s and Wall Street’s radar. In January, Cramer said:

“Well, Ralph Lauren, first of all, great American, won the Medal of Freedom. But I’ll tell you what’s the power behind it, they’ve got tremendous design. It’s time-honored… You’ve got a winner there.”

Ralph Lauren (NYSE:RL) is a renowned designer, marketer, and distributor of a range of lifestyle products, such as clothing, home items, and accessories. On February 21, after meeting with management, JPMorgan increased its price target on RL stock from $285 to $342 while maintaining an Overweight rating on the stock. The firm believes the brand has not yet reached its peak.