Piper Jaffray Downgrades G-III Apparel (GIII) to Neutral Following DKNY Deal
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Cowen Downgrades G-III Apparel (GIII) to Market Perform
July 26, 2016 7:07 AM EDTCowen downgraded G-III Apparel (NASDAQ: GIII) from Outperform to Market Perform with a price target of $43 (unchanged).
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 $42.95 yesterday.
... MoreG-III Apparel Group (GIII) to Acquire Donna Karan and DKNY Brands in $650M Deal
July 25, 2016 6:05 AM EDTG-III Apparel Group, Ltd. (Nasdaq: GIII) and LVMH Moët Hennessy Louis Vuitton announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.
Morris Goldfarb, Chairman, Chief Executive Officer and President of G-III, said, Donna Karan International is an iconic global fashion company. Its lifestyle aesthetic resonates well... More
