UBS Maintains Neutral on G-III Apparel Group, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mauricio Serna maintains a Neutral rating on G-III Apparel Group (NASDAQ:GIII) and lowers the price target from $36 to $34.
March 12, 2024 | 12:50 pm
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NEGATIVE IMPACT
UBS maintains a Neutral rating on G-III Apparel Group and lowers the price target from $36 to $34.
The reduction in price target by UBS suggests a tempered outlook for G-III Apparel Group's stock performance in the short term. Given the direct impact of analyst ratings and price targets on investor sentiment and stock prices, this adjustment is likely to exert downward pressure on GIII's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100