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Fly News Breaks for March 21, 2019
GES
Mar 21, 2019 | 08:52 EDT
While Guess shares will be in the penalty box near-term as an inventory overhang weighs on margins, its fundamentals remain healthy, Jefferies analyst Janine Stichter tells investors in a research note. The analyst expects CEO Carlos Alberini's return to be a positive catalyst for Guess and that his first earnings call as CEO was a strong one. Significant market share potential remains in Europe and Asia for Guess while North America appears to be gaining momentum, says Stichter. She keeps a Buy rating on the shares with a $24 price target.
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