Guess (GES) PT, Estimates Lowered at BofA/Merrill Lynch
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Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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BofA/Merrill Lynch analyst Robert Ohmes reiterated an Underperform rating on Guess (NYSE: GES) and cut his price target to $23.00 (from $25.00) as tight expenses offset gross margin weakness.
The firm lowered 2Q15 EPS to $0.29 (was $0.38) reflecting updated guidance for $0.25-$0.30 due to ongoing weakness in North American retail and European wholesale. F15 EPS is lowered to $1.50 (was $1.55) reflecting 2Q guidance and in-line with re-affirmed F15 guidance of $1.40-$1.60.
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 $26.88 yesterday.
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