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Fly News Breaks for May 19, 2016
GIII
May 19, 2016 | 07:55 EDT
Cowen lowered its price target on G-lll Apparel to $43 from $55 on the belief over 50% of the company's revenues come from department stores, which are losing market share and may need to close doors eventually. The firm believes inventory trends may challenge quarterly results and put margins under pressure. Cowen maintained its Outperform rating on G-lll Apparel shares.
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