Brean Murray Lowers its Price Target on Perry Ellis (PERY) to $12
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Brean Murray lowers its price target on Perry Ellis (Nasdaq: PERY) from $17 to $12.
Brean analyst says, "We are also reducing EPS expectations for Perry Ellis. Although the full rollout of Laundry and the C&C California lines should be a positive, the company's dependence on the department store channel presents material risks to our previous estimates."
Perry Ellis International, Inc. (Perry Ellis) is an apparel company in the United States.
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