Ralph Lauren downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Ralph Lauren Ralph Lauren citing the company's weaker than expected retail sales in Q4 and its accelerated spending. The firm lowered its price target for shares to $165 from $185.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Carnival (CCL) upgraded to Outperform from Market Perform at Wells Fargo... Crown Castle (CCI) upgraded to Buy from Hold at Evercore ISI... Ctrip.com (CTRP) upgraded to Overweight from Neutral at Piper Jaffray... Demandware (DWRE) upgraded to Conviction Buy from Buy at Goldman... FirstEnergy (FE) upgraded at BofA/Merrill... Frontier Communications (FTR) upgraded to Neutral from Underperform at DA Davidson... JPMorgan (JPM) upgraded to Outperform from Market Perform at Bernstein... Pattern Energy (PEGI) upgraded to Outperform from Market Perform at Raymond James... Ralph Lauren (RL) upgraded to Buy from Outperform at CLSA... ResMed (RMD) upgraded to Outperform from Neutral at Credit Suisse... Ryanair (RYAAY) upgraded to Overweight from Neutral at JPMorgan... Splunk (SPLK) upgraded to Overweight from Neutral at Piper Jaffray... Total (TOT) upgraded at RBC Capital... Verifone (PAY) upgraded to Buy from Hold at Stifel... XL Group (XL) upgraded to Buy from Neutral at UBS.
Ralph Lauren upgraded to Buy from Outperform at CLSA As previously reported, CLSA upgraded Ralph Lauren to Buy from Outperform. The firm upgraded shares citing brand strength, global brand realignment, new operating systems, accelerating store conversions and select new openings, and redcu3ed operating costs. Price target raised to $170 from $159.