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Ralph Lauren downgraded to Underperform from Market Perform at BMO Capital
The Fly

Ralph Lauren downgraded to Underperform from Market Perform at BMO Capital

BMO Capital analyst Simeon Siegel downgraded Ralph Lauren to Underperform from Market Perform with a price target of $100, up from $96. While the company has one of the strongest brand/management teams among its peers that essentially architected the "Sell Less, Charge More" strategy, after a 50% 4-month rally, the stock is nearly back to pandemic-peaks, the analyst tells investors in a research note. The firm is also concerned that Asia’s strength masks domestic pressures for Ralph Lauren, with North America margins "well below" pre-pandemic.

Published first on TheFly

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