Telsey Advisory Group Reiterates Market Perform on G-III Apparel Group, Maintains $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on G-III Apparel Group (NASDAQ:GIII) and maintained a price target of $24. This reaffirmation of the company's stock rating and price target suggests that the analyst believes the stock will perform in line with the market and is fairly valued at the current price target.
November 30, 2023 | 10:29 am
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Telsey Advisory Group has maintained a 'Market Perform' rating and a $24 price target for G-III Apparel Group, indicating no significant change in the stock's outlook.
The reiteration of the 'Market Perform' rating and the maintenance of the price target at $24 by Telsey Advisory Group suggests that the analyst's view on G-III Apparel Group has not changed. This is likely to have a neutral short-term impact on the stock as it does not alter the investment thesis or provide new information that would significantly change the market's perception of the company's value.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100