Wall Street Strategies Reiterates a 'Hold' on Polo Ralph Lauren (RL); Q4: Polo�s Horse Gets Wounded

Wall Street Strategies reiterates a 'Hold' on Polo Ralph Lauren (NYSE: RL), lowers PT from $135 to $113.

WSS analyst, Brian Sozzi, says, "Polo Ralph Lauren (RL) entered 4Q11 as an impressive looking steed, basking in the praise of the sell-side that tends to arise when sales growth and margin expansion is so consistently strong. Unfortunately, Polo entered its new fiscal year a wounded horse, having missed on consensus earnings by $0.05, a true rarity for this prized animal. The stock plunged in response. Investors are viewing the 4Q11 earnings shortfall and cautious FY12 operating margin commentary as indicative of a shift in the medium-term fundamentals of the business. Hard to dispute that notion."

For more ratings news on Polo Ralph Lauren click here and for the rating history of Polo Ralph Lauren click here.

Shares of Polo Ralph Lauren closed at $114.70 yesterday.

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