BusinessWeek - Feb 03, 2010Polo Ralph Lauren Corporation (RL)
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Michael Binetti
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UBSThe company said sales for the year ending would fall in the "low single digit" range in percentage terms, compared with an earlier projection for a "mid single digit" decline
Polo fell $710, or 83 percent, to $7857 at 10:23 am in New York Stock Exchange composite trading, after earlier dipping to $7821 for the steepest drop since The shares jumped 78% last year
UBS analyst Michael Binetti kept a buy rating on Polo shares on Feb 3, noting that its third quarter EPS of $110 beat his $104 estimate and the Wall Street consensus forecast of $101; he said he thinks investors "were looking for $120 or more" Binetti said he believes the mixed quality of third quarter results could present a stock buying opportunity for what he still views as "one of the most compelling 1 2 year global growth stories in large cap apparel"
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The company said sales for the year ending would fall in the "low single digit" range in percentage terms, compared with an earlier projection for a "mid single digit" decline <span class="company">Polo</span> fell $710, or 83 percent, to $7857 at 10:23 am in New York Stock Exchange composite trading, after earlier dipping to $7821 for the steepest drop since The shares jumped 78% last year<span class="sent"> UBS analyst <span class="analyst">Michael Binetti</span> kept a buy rating on <span class="company">Polo</span> shares on Feb 3, noting that its third quarter EPS of $110 beat his $104 estimate and the Wall Street consensus forecast of $101; he said he thinks investors "were looking for $120 or more"</span> Binetti said he believes the mixed quality of third quarter results could present a stock buying opportunity for what he still views as "one of the most compelling 1 2 year global growth stories in large cap apparel"...The company said sales for the year ending would fall in the "low single digit" range in percentage terms, compared with an earlier projection for a "mid single digit" decline <span class="company">Polo</span> fell $710, or 83 percent, to $7857 at 10:23 am in New York Stock Exchange composite trading, after earlier dipping to $7821 for the steepest drop since The shares jumped 78% last year<span class="sent"> UBS analyst <span class="analyst">Michael Binetti</span> kept a buy rating on <span class="company">Polo</span> shares on Feb 3, noting that its third quarter EPS of $110 beat his $104 estimate and the Wal
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