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Fly News Breaks for June 10, 2015
GES
Jun 10, 2015 | 07:48 EDT
After meeting with management, Jefferies says it is "more optimistic" about Guess's business since trends in Europe are stabilizing and the company is "taking the right steps" in the U.S. The firm believes Guess's revenue projections are achievable and margin expectations are likely beatable. It keeps a Hold rating on the stock with a $21 price target.
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