UBS analyst Mauricio Serna lowered the firm’s price target on G-III Apparel to $31 from $34 and keeps a Neutral rating on the shares. The firm sees limited P/E expansion potential and doubts the ability of the stock to outperform, with FY25 guidance implying challenges will persist in the near-term, the analyst tells investors in a research note.
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Read More on GIII:
- G-III Apparel management to meet virtually with Telsey Advisory
- G-III Apparel price target lowered to $29 from $30 at Telsey Advisory
- G-III Apparel price target lowered to $23 from $24 at Wells Fargo
- G-III Apparel sees FY25 EPS $3.50-$3.60, consensus $3.88
- G-III Apparel sees Q1 EPS (10c)-0c, consensus 12c