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Fly News Breaks for May 30, 2018
GIII
May 30, 2018 | 07:40 EDT
As reported previously, Cowen analyst John Kernan upgraded G-lll Apparel to Outperform from Market Perform. The analyst also raised his estimates and price target above consensus as he believes free cash flow will improve with the expansion of Donna Karan profitability and as earnings headwinds diminish. Kernan raised his price target to $49 from $34 on G-lll shares.
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