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Fly News Breaks for September 30, 2015
GPS, RL
Sep 30, 2015 | 05:55 EDT
UBS analyst Michael Binetti upgraded Ralph Lauren (RL) to Buy saying new CEO Stefan Larsson brings a track record for optimizing operations quickly while the stock is "inexpensive" following the 44% year-to-date pullback. Binetti cut his price target for shares to $128 from $133. The analyst this morning downgraded the company Larsson is departing from, Gap (GPS), to Sell from Neutral.