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Ralph Lauren s Fifth Avenue Polo store in New York City. Spencer Platt/Getty Images
Ralph Lauren is rising early Friday after an upgrade from RBC Capital Markets, which argues that the preppy fashion brand is “poised for outperformance into 2021.”
Analyst Kate Fitzsimons raised her rating on
Ralph Lauren (RL) to the equivalent of Buy from the equivalent of Hold, and her target price to $138 from $77. She wrote that the move stems from her belief that Wall Street’s profit estimates will move higher, as leaner inventories, better expense management, and a pivot to direct-to-consumer sales enhance earnings. She expects Ralph Lauren will emerge from the Covid-19 pandemic stronger, less exposed to struggling retailers, and able to enjoy strong pent-up demand.
thank you. thank you, professor ger hard. thank you, mr. chairman, ranking member. other dwirnd members of the committee. it s an honor and a privilege to join the other distinguished witnesses to discuss a matter of grave concern to our country and to our constitution. because this house, the people s house, has the sole power of impeachment. there is no better form to discuss the constitutional standard for impeachment and whether that standard has been met in the case of the current president of the united states. as i explained in the remainder and balance of my opening statement, the record compiled thus for shows the xrt has committed several impeachable offenses, including bribery, abuse of power and soliciting of personal favor from a foreign leader to benefit himself personally, obstructing justice, and obstructing congress. our hearing today should serve as a reminder of one of the fundamental am principles that