Brean Capital analyst Liz Pierce upgraded G-III Apparel (GIII) to Buy from Hold saying the recent weakness in shares is an overreaction. The stock sold off due to Macy's (M) Q2 results this morning and comments regarding challenges in ready-to-wear and men's, Pierce tells investors in a research note. Macy's is one of G-III's largest customers, but its product is still one of the best performers on the floor, the analyst argues. She put a $75 price target on the stock. The manufacturer and marketer of apparel products is down $3.72 to $67.34 in afternoon trading.