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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:54 EDTRLRalph Lauren upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded Ralph Lauren to Outperform from Neutral. The firm upgraded shares and raised estimates to reflect improved visibility into a rebound in the retail channel, strength in core wholesale accounts, a likely rebound in margins now expected in early 2015, and improved inventory conditions. Price target raised to $180 from $165.
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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
October 9, 2014
09:41 EDTRLBofA/Merrill retail analysts hold an analyst/industry conference call
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