Ralph Lauren (RL) Tops Q3 EPS by 14c
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February 5, 2016 9:30 AM EST
BofA/Merrill Lynch downgraded Ralph Lauren (NYSE: RL) from Neutral to Underperform with a price target of $85.00 (from $110.00).
For an analyst ratings summary and ratings history on Ralph Lauren click here. For more ratings news on Ralph Lauren click here.
Shares of Ralph Lauren closed at $89.95 yesterday.
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February 4, 2016 1:47 PM EST
Piper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $94.00 (from $116.00), following the company's 3Q earnings report, and challenging guidance. Ralph Lauren provided initial color around FY17, below the Street. Revenue is expected to be negative on a Y/Y basis, below prior estimates of 4.2% growth. On the call, new CEO Stefan Larsson indicated he was... More
February 4, 2016 1:05 PM EST
Credit Suisse downgraded Ralph Lauren (NYSE: RL) from Outperform to Neutral with a price target of $102.00 (from $147.00), saying a distribution problem outweighs restructuring benefits.
"We believe that Ralph Lauren's brand is increasingly challenged in outlet and lower-tier department store distribution as fast fashion... More
