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Fly News Breaks for August 31, 2016
GIII
Aug 31, 2016 | 08:07 EDT
As noted earlier, Stifel downgraded G-III to Sell from Hold. Despite the recent decline in the stock, its risk/reward ratio is unfavorable, given multiple risks faced by the company, according to Stifel analyst Jim Duffy. Among the risks are "structurally challenged distribution channels" and high debt levels, according to Duffy. Target $28.
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