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Fly News Breaks for July 15, 2015
GES
Jul 15, 2015 | 09:09 EDT
Evercore ISI upgraded Guess to Hold with a $22 price target following the CEO succession announcement. The firm believes the announcement provides visibility into the future leadership structure and when combined with improving sales trends in Europe and stabilizing margins shift risk/reward to a more balanced level. Note that Telsey Advisory also upgraded shares this morning.
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