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Fly News Breaks for August 8, 2016
RL
Aug 8, 2016 | 07:25 EDT
UBS said they believe Ralph Lauren took extra caution with guidance and lowered it to rebase revenues lower and remove obvious cost inefficiencies. The firm does not believe the new guidance contemplates any new revenue opportunities or innovative supply chain design, which could support upward revisions UBS reiterated its Buy rating and $115 price target on Ralph Lauren shares.
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