Guess?, Inc. (GES) Posts Q1 Loss of 3c/Share; Updates FY14 Outlook

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Guess (GES) PT, Estimates Lowered at BofA/Merrill Lynch

May 30, 2014 8:00 AM EDT

BofA/Merrill Lynch analyst Robert Ohmes reiterated an Underperform rating on Guess (NYSE: GES) and cut his price target to $23.00 (from $25.00) as tight expenses offset gross margin weakness.

The firm lowered 2Q15 EPS to $0.29 (was $0.38) reflecting updated guidance for $0.25-$0.30 due to ongoing... More