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In a report published Thursday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on
Ralph LaurenRL.
In the report, Morgan Stanley noted, “After resetting next FY EPS expectations 10% lower, RL is in a better position to resume its historical beat & raise pattern. Plus, a 1.5:1 risk/reward looks favorable. However, RL's surprising guide-down and still murky long-term EPS visibility make it a show-me story for now. Stay Equal-weight.”
Ralph Lauren Corp. closed on Wednesday at $148.71.
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