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Fly News Breaks for January 27, 2020
RL
Jan 27, 2020 | 06:23 EDT
Very few "buy-siders" have shown recent interest in Ralph Lauren shares, and those who do are often negative, Deutsche Bank analyst Paul Trussell tells investors in a research note after speaking with investors. In contrast, however, the analyst sees a "potential beat-and-raise story" with the company's revenue poised to accelerate over the next few quarters. Ralph's Q3 results will unlikely provide the positive surprise seen in Q2, but its momentum is still underappreciated, contends Trussell. The analyst is "constructive" on the shares heading into next week's results and reiterates a Buy rating on the name with a price target of $135, up from $134.
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