Fly News Breaks for September 24, 2019
RL
Sep 24, 2019 | 09:18 EDT
As previously reported, Atlantic Equities analyst Daniela Nedialkova upgraded Ralph Lauren to Overweight from Neutral, stating that the market is pricing in a risk to earnings and a near-term recession, leaving the shares at a "highly depressed" valuation level not seen since the 2009 recession. However, she believes Ralph Lauren has set a solid foundation with its turnaround so far that should allow performance to hold up well even in a slowdown. Current investments are focused on elevating the brand and management's long-term plan is "not aggressive," said Nedialkova, who raised her price target on Ralph Lauren shares to $138 from $135.
News For RL From the Last 2 Days
There are no results for your query RL