Jefferies Downgrades Guess (GES) to Hold

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Steve Madden (SHOO) and Guess (GES) cut to hold as upside limited in 2024

January 4, 2024 1:49 PM EST

Jefferies cut shares of Steve Madden (NASDAQ: SHOO) and Guess? (NYSE: GES) to Hold from Buy in a note Thursday. Analyst Corey Tarlowe kept a $40 per share price target on SHOO but lowered the GES price target to 24 from $25 per share.

Tarlowe said that... More