In summary, we have dropped our price target on Polo Ralph Lauren from $147 to $140 and maintained our Hold rating. On Shanda Interactive, we have dropped our price target from $55.50 to $48 and maintained our Hold rating. For Quiksilver, we have upped our price target from $2.50 to $3.00 and maintained our Sell rating. On Phillips-Van Huesen, we have upped our price target from $62 to $63 and maintain our Hold rating.
Deeper analysis below ...
Polo Ralph Lauren - A disappointing quarter for RL as the company was hit with higher than expected costs and did not do as well as we had expected with margins given rising inputs. The company dropped its operating margin more than
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