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Fly News Breaks for March 19, 2015
GES
Mar 19, 2015 | 07:15 EDT
Piper Jaffray says Guess's Q4 earnings report was low quality as sales and gross margins missed expectations. Piper recommends taking profits on today's rally. It points out the retailer's FY16 guidance implies 90% of earnings in the second half. Piper reiterates an Underweight rating on Guess with a slightly increased price target of $15.50.
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