UBS Maintains Neutral on G-III Apparel Group, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mauricio Serna has maintained a Neutral rating on G-III Apparel Group (NASDAQ:GIII) and increased the price target from $25 to $29.
December 07, 2023 | 4:39 pm
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UBS analyst Mauricio Serna maintains a Neutral rating on G-III Apparel Group but raises the price target from $25 to $29.
The increase in the price target by UBS suggests a positive outlook on the stock's value, which could lead to a short-term increase in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the potential impact.
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