Guggenheim analyst Robert Drbul last night initiated coverage of G-III Apparel with a Buy rating and $36 price target The firm believes the company will continue to benefit its long-term perspective and experience, as well as its “deep” merchant expertise within the apparel industry. G-III is a “highly regarded and established” resource for women’s apparel with a majority of its business in North America, the analyst tells investors in a research note.
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