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.
Nike'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