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Fly News Breaks for September 24, 2015
RL
Sep 24, 2015 | 08:32 EDT
Citi analyst Kate McShane upgraded Ralph Lauren to Buy from Neutral and lowered her price target for shares to $125 from $134. Shares are trading at their lowest price-to-earnings ratio since mid-2010, McShane tells investors in a research note. Further, the estimated $100M in cost savings from the company's restructuring is likely conservative, the analyst believes. McShane feels new initiatives including Polo Sport, Polo Women's and Chaps could improve Ralph's longer term top-line trends.
News For RL From the Last 2 Days
RL
Mar 28, 2024 | 07:29 EDT
SharkNinja (SN) announced that Patraic Reagan has been named Chief Financial Officer, effective April 22...Reagan will oversee SharkNinja's financial strategies and lead the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, internal audit, and investor relations. Larry Flynn, who served as Interim Chief Financial Officer since June 2023, will continue in his role as Chief Accounting Officer. Reagan joins SharkNinja with over two decades of relevant experience. Most recently, Mr. Reagan served as the Chief Financial Officer of Nike's (NKE) Asia, Pacific, and Latin America segment, where he helped drive consecutive years of strong revenue growth, and EBIT expansion that outpaced revenue while accelerating investment in key areas. Over his 13-year career with Nike, Mr. Reagan also served as the Global VP of Business Planning and was the CFO of Nike's Direct-to-Consumer business in EMEA. Prior to Nike, Mr. Reagan held financial positions of increasing responsibility at roles with with Coach (now Tapestry TPR), Polo Ralph Lauren Corporation, Kraft Foods and Chiquita Brands International. .