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Fly News Breaks for March 23, 2016
GIII
Mar 23, 2016 | 07:38 EDT
Brean Capital lowered its price target on G-III Apparel to $55 from $65 following Q4 results it views as disappointing. The firm cited unseasonably warm weather for the miss, but said fundamentals remain compelling as the company broadens the reach of its brands. Brean Capital reiterated its Buy rating on G-lll shares.
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