UPDATE: BofA/Merrill Lynch Downgrades G-III Apparel (GIII) to Neutral, Skeptical Co. Can Raises Prices

September 4, 2019 6:42 AM EDT
Get Alerts GIII Hot Sheet
Price: $30.12 --0%

Rating Summary:
    10 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 20 | New: 25
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(Updated - September 4, 2019 6:46 AM EDT)

(updated to add analyst name, PT and comment)

BofA/Merrill Lynch analyst Heather Balsky downgraded G-III Apparel (NASDAQ: GIII) from Buy to Neutral, price target $21.00 (from $35.00).

The analyst steps aside as trade and slowing apparel retail are adding risks. The analyst doubts pricing can offset tariffs.

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 $18.75 yesterday.

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