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Ralph Lauren 's 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. Siegel suspects the decline of North American margins may be due to increased marketing spending, supply chain pressures, and consumer questions regarding the average selling price of items. BMO questions whether the current level of Ralph Lauren shares—which are close to pandemic peaks—can be sustained, given the changes in consumer spending during 2021. Shares for Ralph Lauren fell 3.23% in Friday premarket trading following the call. Ralph Lauren reports results on February 9.
Here are Friday's biggest calls on Wall Street: Mizuho reiterates Amazon as buy Mizuho said it's standing by its buy rating on the e-commerce giant. Barclays upgrades Ralph Lauren to overweight from equal weight Barclays said Ralph Lauren is a "best-in-class" apparel brand. JPMorgan upgrades Regeneron to overweight from equal weight JPMorgan said it sees several positive catalysts ahead for the biotech company in 2023. JPMorgan reiterates Netflix as overweight JPMorgan said it sees growth potential after the company's strong earnings report on Thursday after the bell. JPMorgan reiterates Coinbase as neutral JPMorgan said Coinbase is a beneficiary of other company's challenges from the FTX fallout.
Salesforce (CRM) downgraded to market perform from outperform (hold from buy) at Cowen, which also cut its price target to $160 per share from $175. Barclays upgrades Ralph Lauren (RL) to overweight from equal weight (buy from hold); increases its price target to $134 per share from $101. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
There's no better time to buy up shares of a solid apparel name with upside potential, according to Barclays. Barclays sees continued growth opportunities within Ralph Lauren's international, women's and digital-focused direct-to-consumer segments, viewing the latter as being able to protect the company from any weakness within the wholesale market. Kearney adjusted the firm's price target to $134 a share, suggesting that Ralph Lauren shares stand to rally as much as 14% from Thursday's close. Along with Ralph Lauren, Kearney assumed coverage of Calvin Klein parent-company PVH Corp , and upgraded shares to overweight from equal weight, citing improvement within North American markets. PVH shares rose more than 2% before the bell.
PCN-101, a ketamine-based treatment, failed to help people with treatment-resistant depression. CEO Florian Brand said he thinks investors should bet on the company's long-term vision. Florian Brand, the CEO of the psychedelics giant Atai Life Sciences, said investors should look past the company's recent failed clinical trial and bet on his long-term vision for the company. On January 6, Atai announced that a highly anticipated trial of a ketamine-based depression treatment failed to meet its goals. The company also owns a large stake in the psychedelics company Compass Pathways, which is currently in late-stage trials to develop psilocybin, the psychoactive ingredient found in magic mushrooms, for treatment-resistant depression.
"Heading into 2023, Meta should be comping peak TikTok impact early in the year, and we believe overall Meta engagement remains solid, with time spent per user stabilizing," said Anmuth. Reels, Meta's TikTok competitor, should be revenue neutral next year, according to JPMorgan. Of course, JPMorgan still sees major losses ahead for Meta's reality labs division. "Reality Labs losses increasingly weigh on Meta's GAAP earnings & we project RL losses doubling from $6.6B in 2020 to $13.7B in 2022," Anmuth wrote. JPMorgan projects reality labs losses reaching $17 billion in 2023 and $19 billion in 2024.
Estee Lauder nears $2.8 billion deal to buy Tom Ford - FT
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +1 min
The luxury brand, founded by fashion designer Tom Ford, entered into exclusive negotiations with Estee Lauder this week and a deal could be announced as early as Monday, the FT reported. Estee Lauder and Tom Ford did not immediately respond to Reuters requests for comment. Earlier in August, the Wall Street Journal reported that Estee was in talks to acquire the luxury brand in what could be a $3 billion deal. The Journal later reported that French luxury group Kering(PRTP.PA) was also in advanced discussions to buy the fashion brand, competing with Estee. Tom Ford is known for its menswear, but also counts women's apparel, handbags, cosmetics and perfumes as part of its product line.
UBS upgrades Werner to buy from neutral UBS said it sees upside for several trucking company names. "We are upgrading three truckload names to Buy from Neutral including HTLD, WERN , and SNDR and reiterating our Buy on KNX. Bank of America reiterates Amazon as buy Bank of America said reports of a cost cutting review at Amazon are a "positive." JPMorgan reiterates Silvergate as overweight JPMorgan said the crypto company's exposure to FTX is overblown. JPMorgan reiterates Netflix as overweight JPMorgan said it has "increased conviction" in shares of the streaming giant.
Changes in Ralph Lauren 's business make the clothing brand a good investment coming out of the pandemic, according to UBS. "We view RL as a strong turnaround stock," Sole said in a note to clients. "We think the market doesn't appreciate the transformational changes the company has made to its brand, distribution model, and cost structure." The stock has performed nearly in line with the S & P 500 , shedding 19.7% this year. Sole said Ralph Lauren could soon reach pre-pandemic levels by rolling back promotions, improving its supply chain and lowering expenses.
[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.
Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. If Republicans get the House, tax hikes are dead in the water,” said David Wagner, a portfolio manager with Aptus Capital Advisors. That’s because there are some areas of consensus for the White House and Republican lawmakers. Congress and the White House may spend more time bickering than trying to pass legislation. Ameriprise chief market strategist Anthony Saglimbene said on a conference call last week about the midterms that stocks have historically gone up after elections, no matter which party controls the White House and Congress.
Petithomme goes by the alias Ti Makak, and leads a gang of the same name. Haiti's National Police did not respond to requests for comment on the police commissary incident or about Ti Makak in general. Local media reported that Ti Makak was responsible. But the calls continued, he said, and a group later arrived in person, saying they were linked to Ti Makak. "We can easily conclude that the Ti Makak band seeks to win the hearts of the people, particularly of those people who have been involved in acts of looting during recent protests," Germain said.
It also follows some 60 Tapestry store openings in China over the last two years. Research from real estate firm Savills also shows 55% of the world's luxury store openings last year took place in China. It saw China sales slide 32% for the quarter ended July 2 from the same period a year earlier. China sales generally account for around a fifth of its overall sales. Coach's luxury market share in China is also more than double that of Michael Kors and more than triple that of Ralph Lauren and Tory Burch, according to Euromonitor data.
Ralph Lauren accused of plagiarizing indigenous Mexican designs
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +2 min
MEXICO CITY, 20 Oct (Reuters) - The wife of Mexico's president on Thursday accused luxury American clothes brand Ralph Lauren (RL.N) of plagiarizing indigenous designs, which she described as an appropriation of the work of the country's pre-Hispanic cultures. "Hey Ralph (Lauren): we already realized that you really like Mexican designs," writer and researcher Beatriz Gutierrez said in an Instagram post. "However, by copying these designs you are committing plagiarism, which is illegal and immoral." The post shows a photo of a coat with colorful indigenous motifs hanging in a store. "Hopefully you repair the damage to the original communities that do this work with love and not for profit," Gutierrez added, attributing the designs to the indigenous communities of Contla and Saltillo.
Credit Suisse lowers price target on Club holding Constellation Brands (STZ) to $277 per share from $292, without any real reason. Citi cautious on Alibaba (BABA), cuts price target $146 per share from $159. Credit Suisse cuts Paychex (PAYX) price target to $138 per share 150, even though they raised the estimates. Starts with a buy and a $65 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Russians flee to Georgia after Putin's mobilisation order
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +4 min
The Georgian capital Tbilisi had already seen an influx of around 40,000 Russians since Moscow invaded Ukraine on Feb. 24, according to government statistics. There, they hired a local driver to take them through the border checkpoints and after 24 hours they arrived in Tbilisi. The exact number of people who have left Russia since Putin announced what he called a "partial mobilisation" last Wednesday is unclear. LOCAL RESENTMENTRussians already in Tbilisi saw Putin's mobilisation decree as further vindication of their decisions to flee. More than 200 men who were detained at anti-war protests in Moscow last week were issued draft summons, state media reported.
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees competition rising in China and that Tesla is going through a "peak China dependency" phase. Morgan Stanley upgrades Humana to overweight from equal weight Morgan Stanley said in its upgrade of the health insurer that it sees "accelerated growth." Morgan Stanley reiterates Ford as equal weight Morgan Stanley kept its equal weight rating on the automaker, but said it investors might want to buy the stock on weakness. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said that its checks show that Amazon is becoming a formidable competitor to Shopify. Barclays downgrades Nike to equal weight from overweight Barclays said in its downgrade of Nike that it sees rising inventory risks.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer in the U.S., Europe and Asia continues to be solid, says RL CEORalph Lauren CEO Patrice Louvet joins 'Closing Bell' to discuss the company's financial outlook and where he's seeing opportunities for growth.
Ralph Lauren sells luxury at too steep a discount
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermidNEW YORK, Sept 19 (Reuters Breakingviews) - Ralph Lauren (RL.N) laid out a promising financial outlook for investors on Monday. Since 2018, Ralph Lauren has closed more than two-thirds of its wholesale business by halting sales to department stores such as Belk, slashed promotions and lifted its average unit price 60%. The House of Polo trades at 10 times expected 2025 net profit, per estimates on Refinitiv, compared to Burberry’s (BRBY.L) 15 times and Prada’s 20 times. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Mahsa Amini died on Friday, four days after her arrest for allegedly breaking hijab-wearing rules. At her funeral, videos show women protesting by taking off their headscarves and waving them in the air. Mahsa Amini died on Friday, four days after witnesses accused police officers of forcing her into a van and beating her in Tehran, Insider reported. Police said Amini died of a "sudden" heart attack after she was detained, a claim that her family disputes and human rights groups say warrants investigation. A video shared by Masih Alinejad shows several women in Saqqez waving their headscarves in the air as they chant anti-government slogans.
Издание «Радио Свободная Европа/Радио Свобода в Европейском совете» (RFE/RL) со ссылкой на дипломатический источник сообщило, что ЕС включил Молдову в список стран, гражданам которых можно въезжать на территорию сообщества. Как сообщили в Twitter журналисты издания, постоянные представители стран-членов ЕС 30 июня включили в список третьих стран «зеленой зоны» более 10 стран, включая Молдову. Накануне «Радио Свободная Европа» сообщило, что председательство в ЕС предложило включить, в том числе Молдову, в список стран, граждане которых смогут въезжать в Шенгенскую зону, а также в Швейцарию, Норвегию, Исландию и Лихтенштейн. Согласно правилам, гражданам Молдовы необходимо будет на границе предоставить отрицательный тест на коронавирус или сертификат о вакцинации препаратом, зарегистрированным в ЕС. Однако, как отметили журналисты издания, это решение постпредов стран ЕС носит рекомендательный характер, и каждая страна, входящая в ЕС, может применять собственные правила въезда.
Organizations: Радио Свободная Европа/Радио Свобода, Европейский совет, Радио Свободная Европа, Шенгенская, Делегация ЕС Locations: ЕС, Молдова, Швейцария, Норвегия, Исландия, Лихтенштейн
Закона о миллиарде, независимый аналитический центр «Expert-Grup» предупреждает о его крайне негативном влиянии на макрофинансовую стабильность и имидж страны перед потенциальными финансистами, кредиторами и инвесторами. Таким образом, последствия принятия такого закона могут быть аналогичны самой «краже миллиарда». Позиция основана на следующих выводах:• Прямым следствием отмены «закона о миллиарде» является декапитализация Национального банка Молдовы (НБМ), что создаст новое давление на государственный бюджет. Таким образом, согласно статье 9 «Закона № 548 о Национальном банке Молдовы», Правительство в лице Министерства финансов будет обязано внести денежный взнос на рекапитализацию центрального банка. Таким образом, отмена «закона о миллиарде» не снимает бремени этого долга с плеч населения и налогоплательщиков, поскольку центральный банк придется рекапитализировать с их счетов.
Persons: Прямое Organizations: Парламент, Национальный банк Молдовы (НБМ), НБМ, Национальный банк Молдовы, Министерство финансов, Международный валютный фонд, Всемирный банк, МВФ, ПСРМ, Конституционный суд, Национальный банк Locations: Moldova, Республика Молдова, Европейский союз
7 aprilie 2009. Dreptatea de la CtEDO
  + stars: | 2021-04-07 | by ( Borodin Victoria | ) www.zdg.md   time to read: +19 min
Fostul vicecomisar de Chișinău este judecat pentru exces de putere și pentru depășirea atribuțiilor de serviciu în noaptea de 7 spre 8 aprilie 2009. Sunt persoane care știu adevărul despre 7 aprilie 2009 și nu vor să fie aflat. În ianuarie 2021, CtEDO a dictat cea mai recentă decizie în dosarele ce invocă abuzurile comise la 7-8 aprilie 2009. „Dosarul 7 aprilie 2009 a rămas ca un cancer. 7 aprilie 2009 este o pată neagră care demonstrează care este nivelul de apărare al drepturilor omului în R. Moldova.
Persons: Iacob Gumeniță, Sergiu Lazari, Gumeniță, Sergiu Popșoi, Damian Hâncu, de Justiție, Hâncu, Damian, El, Maria, Iacob, ., Valeriu Boboc, Valeriu, Valeriu Pleșca, Boboc, Curte, Ion Perju, Boboc . Victor Boboc, Victor Boboc, Vladimir Voronin, Perju, Valeriu Boboc ., Marin, Ion, Anatolie Ceachir, Sergiu Creţu ., Crețu, Sergiu Crețu, Voronin, CtEDO, Iurie Muradu, Muradu, Violeta Gașițoi, Violeta, Iurie, Ludmila Radu, Radu, Vladislav Gribincea, Vladislav, Ludmila Popovici, Andrei, Buhaniuc, Cucu, Eugeniu, Vadim Vladarcic, Oxana, Iurie Crăciuneac, Iurie Levinte, Nedelcu, Sergiu Duminică, Iulian Moroi, Anatolie, Sergiu Mocanu, Radu Popa, Jonathan Netanyahu Organizations: Curtea Europeană, Statul, de, Drepturilor, Procuratura, Amnesty International Moldova Locations: Moldova, Strasbourg, Chișinău, vicecomisar, Buiucani, CA, Franța, CtEDO, Procuratura, Cahul
Liderul opoziției Svetlana Tihanovskaia, aflată în exil, le-a cerut belarușilor să înceapă un nou val de proteste împotriva lui Alexandr Lukașenko, astăzi, în timp ce se marchează aniversarea Republicii Populare Belaruse, o sărbătoare ilegală în Belarus. Tihanovskaia a cerut bielorușilor să folosească această sărbătoare - Ziua Libertății - pentru a organiza mitinguri de stradă împotriva liderului autoritar din Minsk și alte orașe din Belarus și pentru a-și declara unitatea împotriva crizei politice din Belarus. ”Belarușii sărbătoresc deja Ziua Libertății”, a scris Tihanovskaia ieri într-un tweet care arăta și un videoclip cu artificii în culorile roșu și alb ale opoziției. Amnesty International a avertizat că autoritățile din Belarus au indicat că sunt pregătite să transforme mitingurile de Ziua Libertății în „încă o scenă de violență îngrozitoare”. 25 martie este cea de-a 103-a aniversare a Republicii Populare Belaruse, care a existat mai puțin de un an în 1918
Persons: Svetlana Tihanovskaia, Alexandr Lukașenko, Tihanovskaia, Rihor Organizations: Frontul, Amnesty International Locations: Republicii Populare, Belarus, Minsk, Frontul Popular Belarus
În Regiunea de Dezvoltare Centru, partenerii de implementare a proiectului sunt Asociația pentru Guvernare Eficientă și Responsabilă AGER și AO ADR "Habitat". Termen de livrare: 15 zile calendaristiceLocul livrării: s. Dubăsarii Vechi, rl Criuleni str. Asociația Obștească „Iedera – Dubăsarii Vechi” invită agenții economici interesați, care îi poate satisface necesitățile, să participe la procedura de achiziție a suportului tehnic. Adresa de depunere a ofertelor: AO „Iedera- Dubăsrii Vechi”, s. Dubăsarii Vechi, rl Criuleni str. Întocmirea ofertelor: Oferta și documentele de calificare solicitate întocmite clar, fără corectări, cu număr și data de ieșire, cu semnătura persoanei responsabile.
Persons: Nicolae Donici, Donici Organizations: Uniunii Europene, Uniunea Europeană, Agenția, Cooperare, Germaniei Locations: Vechi, Republica Moldova, Regiunea
Total: 25