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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:01 EDTRLRalph Lauren recommended ahead of Q3 results at UBS
UBS maintains its above Street Q3 EPS estimate for Ralph Lauren of 2.30 vs. consensus of $2.21 and said recent concerns about sluggish holiday sales is overblown. Ralph Lauren remains a top buy for 2013 given margin opportunities from its refocus on basics, shelf space gains, Denim & Supply expansion, the Chaps acquisition, and a potential China re-acceleration. Shares are Buy rated wth a $185 price target.
News For RL From The Last 14 Days
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October 15, 2014
06:12 EDTRLNike's Converse sues rivals over 'copycat' design, NY Post reports
Converse, a unit of Nike (NKE), is suing rivals including Ralph Lauren (RL) and Tory Burch, alleging that shoemakers and retailers are copying its iconic design, the New York Post reports. Lawyers for Converse say "We welcome fair competition, but we do not believe companies have a right to copy the trademarked look." The lawsuit seeks unspecified damages and injunctions that would bar the production of the rival shoe models. Reference Link

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