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Fly News Breaks for January 30, 2018
RL
Jan 30, 2018 | 06:10 EDT
Piper Jaffray analyst Erinn Murphy raised her price target for Ralph Lauren to $109 from $83 but keeps an Underweight rating on the shares. A long-term turnaround at the company will still take time, Murphy tells investors in a research note following the recent share rally. She remains concerned by Ralph Lauren's underlying demand but expects the company to report solid Q3 results. She raised her estimates to reflect tax reform, currency and U.S. consumer momentum.
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