G-III Apparel (GIII) PT Raised to $29 at Barclays

Barclays raised its price target on G-III Apparel (NASDAQ: GIII) to $29.00 (from $28.00) while maintaining a Underweight rating.

Analyst Chethan Mallela believes Tuesday's move in the equity price was surprising. The analyst believes the positive from the quarter are balanced against areas of caution and remains negative on the equity noting the rapid appreciation coupled with cautionary concerns.

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