Ralph Lauren revenue sinks as pandemic hammers demand
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Ralph Lauren (RL) PT Lowered to $85 at Needham & Company
August 5, 2020 6:51 AM EDTNeedham & Company analyst Rick Patel lowered the price target on Ralph Lauren (NYSE: RL) to $85.00 (from $90.00) while maintaining a Buy rating.
The analyst commented, "We attribute the decline in RL shares to lower than expected revenue in F1Q21 (CY2Q20) and... More
