UBS Maintains Neutral Rating for G-III Apparel Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS maintains a Neutral rating for G-III Apparel Group (NASDAQ:GIII) and raises its price target from $16.00 to $21.00. G-III Apparel Group shares are trading down 4.48% at $20.04 per share.

June 07, 2023 | 5:02 pm
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UBS maintains Neutral rating for G-III Apparel Group and raises price target from $16.00 to $21.00. Shares are trading down 4.48% at $20.04.
UBS has maintained its Neutral rating for G-III Apparel Group, indicating that the stock is neither overvalued nor undervalued. However, they have raised their price target from $16.00 to $21.00, which could signal a potential upside in the future. Despite this, the stock is currently trading down 4.48% at $20.04 per share. The short-term impact on the stock price is neutral as the rating remains unchanged, but the raised price target could have a positive effect in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100