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Fly News Breaks for June 21, 2016
GIII
Jun 21, 2016 | 07:18 EDT
Brean Murray analyst Eric Tracy assume coverage on G-III Apparel with a Buy rating and $51 price target. The analyst expects growth to should re-accelerate in 2H17, as continued strength in CK and ramping TH/KL partnerships should drive growth in FY17 and beyond, potential improvement in retail biz in 2H 2016, further margin expansion due to an improved focus on in-store experience/real estate productivity, and free cash flow optionality.
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