Wunderlich Remains Positive On G-III Apparel (GIII), Says Long-Term Bull Thesis Remains Intact

Wunderlich Securities maintains Buy on G-III Apparel (NASDAQ: GIII) price target of $33.00.

Analyst Eric Beder comments "We are reiterating our Buy rating and $33.00 price target on G-III Apparel (GIII), despite materially reducing our 4QFY17 revenue and EPS projections, as well as moderately reducing our FY18 annual expectations, following the company providing a 4Q-to-date update highlighting weaker -than- expected performance in its retail outlet business. Though the overall weakness in the outlet retail marketplace continues to pressure the results of the Wilsons Leather and G.H. Bass concepts, we remain highly confident in the growth opportunities of the company's core wholesale business, as well as the integration and launch of the recently acquired Donna Karan brand.

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 $28.65 yesterday.

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