What happened Shares of apparel brand Ralph Lauren (NYSE: RL) fell off the polo pony Wednesday, dropping as much as 5.1% in early trading before recovering a bit to trade down 4.2% as of 1:40 p.m. EDT. You can blame Goldman Sachs for that. This morning, Goldman downgraded Ralph Lauren stock from "neutral" to "sell" -- and cut its price target to $103 a share -- on worries that the North American wholesale clothing market remains weak, and is getting even weaker . Image source: Getty Images. So what "Ralph Lauren operates in a competitive and diffuse apparel market, and its management team is" trying to effect a turnaround after building too many stores in the past, writes TheFly.com in a report on the downgrade. Most Wall Street analysts expect to see Ralph Lauren return to growth this quarter, predicting sales will rise 2% and earnings could be up as much as 8% year over year, but Goldman Sachs is not so sure. Now what We're still only about two months out from Ralph Lauren's last earnings report in May, when management forecast first-quarter 2020 sales growth of 3% to 5%. Wall Street's consensus forecast for only 2% sales growth may have looked conservative in light of that guidance -- but now Goldman is saying things could be even worse than most investors fear. And yet, with Ralph Lauren stock trading at 21 times earnings, this stock really isn't priced for a disappointing quarter. If Goldman's warning turns out to be right, and sales don't grow in Q1, look out for the next step down. It could be a doozy. 10 stocks we like better than Ralph Lauren CorpWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ralph Lauren Corp wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source