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Warnaco Group (WRC -2.7%) trades lower after Morgan Stanley initiates the shares with an...

Warnaco Group (WRC -2.7%) trades lower after Morgan Stanley initiates the shares with an underweight. The firm says lack of pricing power in an rising cost environment, plus weak product trends in the U.S. and its large exposure to Southern Europe make the apparel company the weakest of its peers heading into H2.
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