Weak sales at Kohl's, Ralph Lauren spark selloff in retailers
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Piper Jaffray Cuts Price Target on Ralph Lauren (RL) Following Negative FY17 Expectations
February 4, 2016 1:47 PM ESTPiper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $94.00 (from $116.00), following the company's 3Q earnings report, and challenging guidance. Ralph Lauren provided initial color around FY17, below the Street. Revenue is expected to be negative on a Y/Y basis, below prior estimates of 4.2% growth. On the call, new CEO Stefan Larsson indicated he was... More
Credit Suisse Downgrades Ralph Lauren (RL) to Neutral
February 4, 2016 1:05 PM ESTCredit Suisse downgraded Ralph Lauren (NYSE: RL) from Outperform to Neutral with a price target of $102.00 (from $147.00), saying a distribution problem outweighs restructuring benefits.
"We believe that Ralph Lauren's brand is increasingly challenged in outlet and lower-tier department store distribution as fast fashion... More
Stifel Would Buy Kohl's (KSS) on Today's Sales Results/Guidance Update-Related Weakness
February 4, 2016 10:43 AM ESTStifel reaffirmed its Buy rating and $54 price target on Kohls Corporation (NYSE: KSS) following Q4 sales results and guidance update issued... More
