Ralph 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.
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