UPDATE: Barclays Resumes G-III Apparel (GIII) at Equalweight

Barclays analyst Paul Kearney resumes coverage on G-III Apparel (NASDAQ: GIII) with a Equalweight rating and a price target of $22.00.

The analyst comments "GIII’s 1Q22 results last week and outlook for FY22 demonstrate the company’s benefit from wardrobe refreshes on return to occasion, and while this is likely to continue in the near term, we remain cautious on a weakening consumer environment. We reinstate rating on GIII at EW with a $22 price target."

For an analyst ratings summary and ratings history on G-III Apparel click here. For more ratings news on G-III Apparel click here.

Shares of G-III Apparel closed at $22.44 yesterday.

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