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Cyber Bunny

I love my Ralph Lauren but seems like no one is with me

The company reported a profit of 1.68 for the 4th quarter beating the analyst forecast of 1.63 and reported a sale increase of 14%. However, RL said that they are seeing profit margin falling and after that Citigroup removed the stock from its focus list. Citigroup still maintain a Buy rating for the stock.

Even though the past quarter result looks good, the problem is with the forecast of this quarter. The company stated that sales will rise by just 3-5% VS the 10% that analyst expects. RL stock dropped 3% after the news.

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