Why Shares of Ralph Lauren Are Rising Today
Shares of Ralph Lauren (NYSE: RL) were rising on Thursday after analysts at UBS said that the company appears to have the financial flexibility to weather a significant sales decline in 2020.
As of 11:30 a.m. EDT, Ralph Lauren's shares were up about 8.8% from Wednesday's closing price.
In a new note on Thursday morning in which analysts at UBS looked at prospects for several retail stocks, the analysts noted that Ralph Lauren has about $2.4 billion in liquidity. That should be ample to "absorb" a 20% sales decline for the 2020 calendar year, roughly the decline similar companies experienced in the 2008-2009 financial crisis, they wrote.
Source Fool.com
