WF Van Casper Reiterates Strong Buy on Polo Ralph Lauren

Analyst Jennifer Black says the company continues to make significant strides toward improving supply-chain management

WF Van Casper reiterated its strong buy rating on upscale retailer Polo Ralph Lauren (RL ) after the company posted second quarter earnings per share of $0.52 from operations on 2% higher net revenue. The company also reaffirmed estimates of third quarter earnings per share of $0.42-$0.46 and of $1.65-$1.75 for fiscal year 2002.

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