These Analysts Boost Their Forecasts On G-III Apparel Group Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
G-III Apparel Group Ltd (NASDAQ:GIII) reported a 9% YoY sales growth in Q2 FY24, beating analyst consensus. The company also raised its FY24 sales and adjusted EBITDA guidance. Following the announcement, G-III shares gained 24.3%. Keybanc and Telsey Advisory Group raised their price targets on G-III Apparel.
September 08, 2023 | 12:59 pm
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G-III Apparel reported strong Q2 results and raised its FY24 guidance, leading to a surge in its stock price and raised price targets by Keybanc and Telsey Advisory Group.
G-III Apparel's strong Q2 results and raised FY24 guidance indicate a positive outlook for the company, which has led to a surge in its stock price. This positive news has also led analysts to raise their price targets, further indicating a positive short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100