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Fly News Breaks for September 20, 2018
RL
Sep 20, 2018 | 06:07 EDT
Piper Jaffray analyst Erinn Murphy upgraded Ralph Lauren to Neutral with an unchanged price target of $125. The analyst, who remains concerned about the sustainability of Ralph Lauren's sales group, says earnings estimates are likely to continue to grind higher given the company's "sound" cost control and favorable margin mix shift. She believes Ralph Lauren shares could trade more sideways over the next six months.
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