G-III Apparel price target raised to $27 from $23 at Barclays

Barclays raised the firm’s price target on G-III Apparel to $27 from $23 and keeps an Underweight rating on the shares post the Q2 report. G-III continues to come in ahead of expectations for its own brands, while continuing to invest in and grow its portfolio of brands with the additional license for Converse beginning next fall, the analyst tells investors in a research note.