Brean Murray Lowers its Price Target on Guess? (GES) to $25
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Brean Murray lowers its price target on Guess? (NYSE: GES) to $25 from $57.
Brean analyst says, "Our new GUESS? projections now reflect the current FX environment and an assumption of weaker domestic sales. We remain buyers of GES. That said, this is more a call on what we view as the outstanding management team and its focus on premium denim versus a change in the overall business environment."
Guess?, Inc. (GUESS?) designs, markets, distributes and licenses lifestyle collections of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities.
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