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Fly News Breaks for June 8, 2016
RL
Jun 8, 2016 | 07:39 EDT
BofA/Merrill analyst Robert Ohmes upgraded Ralph Lauren to Neutral following reset guidance. Ohmes believes estimates are now bottoming and the announced multi-year "Way Forward" plan to refocus and evolve core RL brands and operating model should help the company return to growth in FY19. The analyst raised his price target to $96 from $80 on Ralph Lauren shares.
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