Strong Geographical and Categorical Growth Opportunities for Ralph Lauren (RL) and its Luxury Lifestyle Products. Goldman Sachs Upgrades and Sees 30% Rebound Potential.
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The stock of Ralph Lauren (RL) was not spared from the downturn of the cyclical consumer goods stocks. The price dropped by around 30%. Ralph Lauren is a global leader in luxury lifestyle products. The company designs, manufactures, and retails high-quality products across several categories such as apparel, accessories, home textiles, as well as fragrances and cosmetics. Ralph Lauren gained 1.9 million new consumers in its Direct-to-Consumer (DTC) business in the last quarter, which represented a low double-digit increase compared to the previous...
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