UBS Maintains Neutral on Guess, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mauricio Serna has maintained a Neutral rating on Guess (NYSE:GES) while lowering the price target from $24 to $22.
August 30, 2024 | 2:57 pm
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NEGATIVE IMPACT
UBS analyst Mauricio Serna has maintained a Neutral rating on Guess but has lowered the price target from $24 to $22, indicating a less optimistic outlook.
The lowering of the price target by UBS suggests a less optimistic view on Guess's future performance, which could negatively impact the stock price in the short term. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100