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UPDATE: Piper Jaffray Decreases PT on Ralph Lauren Corp. to $158

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According to a research report this morning, Piper Jaffray decreases its PT on Ralph Lauren Corp. (NYSE: RL) from $175 to $158 to account for a slower earnings growth.

Piper Jaffray explained, β€œFor FQ1, management guided revenue growth to a low-single digit rate based on high-single digit retail growth and flat to down slightly wholesale revenue. Included in guidance is a 200-300bp headwind from unfavorable FX and operating margin is expected to decline 250-300bps. For the full year, management expects revenue to increase at a mid-single digit rate based on low-double digit retail growth and a lowsingle digit decline in wholesale revenue.”

Ralph Lauren Corp closed yesterday at $150.27 as Piper Jaffray maintains its Neutral rating.

Latest Ratings for RL

DateFirmActionFromTo
Sep 2014JP MorganMaintainsNeutral
Sep 2014ISI GroupUpgradesBuyStrong Buy
Aug 2014Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for RL
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Reiteration Analyst Ratings

 

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