Wells Fargo Downgrades G-III Apparel Group to Underweight, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Gulmi has downgraded G-III Apparel Group (NASDAQ:GIII) from Equal-Weight to Underweight and set a price target of $24.
January 16, 2024 | 12:14 pm
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Wells Fargo downgraded G-III Apparel Group to Underweight from Equal-Weight and set a price target of $24.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $24 suggests a downside from the current trading level, which can further influence the stock to move downward.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100