Telsey Advisory Group Maintains Market Perform on G-III Apparel Group, Maintains $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on G-III Apparel Group (NASDAQ:GIII) and kept the price target at $30.

March 14, 2024 | 1:37 pm
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NEUTRAL IMPACT
G-III Apparel Group maintains a 'Market Perform' rating and a $30 price target from Telsey Advisory Group.
The maintenance of the 'Market Perform' rating and the $30 price target by Telsey Advisory Group suggests a neutral outlook on G-III Apparel Group's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current price level, neither significantly undervalued nor overvalued. Therefore, the impact on the stock price is likely to be neutral in the short term, as the market has likely already priced in the expectations set by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100