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Ralph Lauren Corporation RL - News Analyzed: 3,892 - Last Week: 99 - Last Month: 499

↑ Ralph Lauren's Financial Prospects Sustain Positive Outlook Amid Market Fluctuations

Ralph Lauren's Financial Prospects Sustain Positive Outlook Amid Market Fluctuations
Guggenheim reaffirms its buy rating for Ralph Lauren, while the market debates the financial health of the company. With dividends projected to increase and Q4 revenue and profits on the rise, the fashion giant rose ahead of industry trends. A new CFO, Justin Picicci, is onboard while signs of improved margins and increased sales are detected. Wells Fargo & Company lowered their price target for Ralph Lauren, but overall, the company's fiscal Q4 and FY 2024 results beat forecasts. Deutsche Bank maintains a hold recommendation as the company's intrinsic value estimates seem undervalued. With various investment management companies boosting their shares, and their Q3 fiscal 2024 results painting a robust picture, the fashion powerhouse seems poised for growth. M&T Bank Corp has bought a new stake, Swiss National Bank sells their shares, but others like Kestra Private Wealth Services LLC, and National Bank of Canada FI have acquired shares. With expansion in Canada and a digital commerce launch in sight, optimism reigns over the brand's financial future.

Ralph Lauren Corporation RL News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 20:08:49 GMT - Rating 7 - Innovation 3 - Information 6 - Rumor -3

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