Ralph Lauren shares slide 3% after Cascend reiterates sell rating

MARKETWATCH | on Wed, Jan 3, 1:28 PM

Shares of Ralph Lauren Corp. RL, -3.09%[1] slid about 3% Wednesday, after Cascend Securities reiterated a sell rating on the stock and said consumer demand data shows slowing trends. Holiday season demand for the upscale clothing and accessories chain declined 15% in December from the year-earlier period, analyst Eric Ross wrote in a note. "Except for a few periods it has lagged overall luxury apparel demand y/y change (which has been generally positive)," Ross wrote. "Ralph Lauren is suppose...

Read the full article

Semantic processing powered by OpenCalais

Use of the DailyMe service and DailyMe web site constitutes acceptance of the Company's Terms of Service and Privacy Policy.

© 2018 DailyMe, Inc. All rights reserved.