Barclays Maintains Underweight on G-III Apparel Group, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Paul Kearney maintains an Underweight rating on G-III Apparel Group but raises the price target from $23 to $27.
September 06, 2024 | 1:15 pm
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Barclays analyst Paul Kearney maintains an Underweight rating on G-III Apparel Group, indicating a cautious outlook, but raises the price target from $23 to $27, suggesting some potential for price appreciation.
The Underweight rating suggests a cautious stance by Barclays, indicating that the stock may underperform relative to the market. However, the increase in the price target from $23 to $27 suggests that there is some potential for price appreciation, which could be seen as a positive signal. The mixed signals result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100