Brean Murray Carret & Co. on Guess (GES): Reinforcing New Norm and Shares Still at 52-wk Lows...Accumulate Now

Brean Murray Carret & Co. reiterates a 'Buy' on Guess (NYSE: GES) price target of $37.00.

Analyst, Erir Beder, said, "We believe, while international woes remain an investor concern, that GUESS? management is seeing signs of stabilization in Europe and a return to growth in Korea. Further in the domestic markets, the company believes they are on the right track to crafting a materially stronger business model, driven by stronger fashion offering, higher pricing and lower inventory levels...With shares trading near 52-wk lows, we believe the risk/reward in this slowly building turnaround remains impressive and we continue to be buyers of GES."

Beder also noted that a new positive medium-term driver is the company's aggressive move to downsize store sizes, from approx. 5K sq ft to 3K sq ft.

For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.

Shares of Guess closed at $27.31 yesterday.

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