Close

Guess (GES) PT, Estimates Lowered at BofA/Merrill Lynch

May 30, 2014 8:00 AM EDT
Get Alerts GES Hot Sheet
Price: $31.47 +0.87%

Rating Summary:
    4 Buy, 9 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change