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Fly News Breaks for March 18, 2019
RL
Mar 18, 2019 | 07:49 EDT
Citi analyst Paul Lejuez assumed coverage of Ralph Lauren from Kate McShane and maintained a Neutral rating on the shares with a $131 price target. The analyst says that while the company has made "significant progress" cutting back on distribution for the long term health of the brand and has introduced the brand to a younger customer, he remains concerned about its "still-high" exposure to the U.S. wholesale and outlet channels.
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