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Fly News Breaks for June 18, 2015
RL
Jun 18, 2015 | 09:22 EDT
Credit Suisse is encouraged by Ralph Lauren's global restructuring initiatives and expects a rebound in EBIT margin in FY17. The firm expects long-term benefits from transitioning to a globalized business with brand and back office operation controlled centrally from a regionalized and decentralized business. Credit Suisse expects FY16 to mark a trough in margins and reiterates its Outperform rating and $146 price target.
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