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RL

Ralph Lauren

$78.66

0.19 (0.24%)

13:01
02/17/17
02/17
13:01
02/17/17
13:01

Ralph Lauren names Jonathan Bottomley as Chief Marketing Officer

Ralph Lauren Corporation announced two senior executive appointments, further solidifying its leadership team in support of its Way Forward Plan. Jonathan Bottomley was named Chief Marketing Officer, a newly created role for the company. He will be responsible for evolving Ralph Lauren's brand voice, leading the global marketing team and building cut-through marketing strategies across the company's brands. Tom Mendenhall has been named Brand President, Men's Polo, Purple Label and Double RL. In this newly created role, all men's brand functions will report into Tom, including design and merchandising, and he will be charged with maximizing brand strength to improve sales growth. Jonathan joins Ralph Lauren most recently from Vice Media, where he served as Chief Strategy Officer of Virtue, a Vice Media Company. Tom joins Ralph Lauren from Tom Ford International, where he served as Chief Operating Officer for more than a decade. This note corrects a prior version to correct Bottomley's title at his most recent employer.

RL Ralph Lauren
$78.66

0.19 (0.24%)

02/03/17
LYON
02/03/17
DOWNGRADE
LYON
Outperform
Ralph Lauren downgraded to Outperform from Buy at CLSA
02/03/17
UBSW
02/03/17
DOWNGRADE
Target $76
UBSW
Neutral
Ralph Lauren downgraded to Neutral from Buy at UBS
UBS analyst Michael Binetti downgraded Ralph Lauren to Neutral saying the "abrupt" departure of CEO Stefan Larsson "damages" confidence in the company's turnaround. The analyst cut his price target for the shares to $76 from $107.
02/03/17
02/03/17
DOWNGRADE
Target $85

Outperform
Ralph Lauren downgraded to Outperform at CLSA
As previously reported, CLSA downgraded Ralph Lauren to Outperform from Buy and lowered its price target to $85 from $110 citing the uncertainty in the company's long-term outlook.
02/03/17
02/03/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apache (APA) downgraded to Underperform from Neutral at Macquarie with analyst Paul Grigel citing a significantly lower revision in crude natural gas prices. The analyst expects Apache to ramp natural gas production in the second half 2017 and into 2018, at a time when he expects a decline in natural gas prices, creating lower cash flow and pressure on estimates given Apache's unhedged position. 2. GoPro (GPRO) downgraded to Underperform from Market Perform at Raymond James and to Underperform from Neutral at Baird. 3. Ralph Lauren (RL) was downgraded to Underweight from Neutral at Piper Jaffray, to Outperform from Buy at CLSA, and to Neutral from Buy at UBS. 4. lululemon (LULU) and Wolverine World Wide (WWW) were downgraded to Sector Weight from Overweight at KeyBanc. 5. Altria Group (MO) downgraded to Hold from Buy at Berenberg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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HUSKF

Husky Energy

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

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DB

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T

AT&T

$38.04

-0.06 (-0.16%)

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

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Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

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WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

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UBS

UBS

$17.90

0.035 (0.20%)

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Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

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CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

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CE

Celanese

$108.31

1.34 (1.25%)

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WAL

Western Alliance

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

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  • 17

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WBS

Webster Financial

$56.16

-0.73 (-1.28%)

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HSBC

HSBC

$51.44

0.89 (1.76%)

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WTR

Aqua America

$37.59

0.32 (0.86%)

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  • 17

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MSFT

Microsoft

$85.35

-0.23 (-0.27%)

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  • 18

    Jan

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