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Fly News Breaks for June 6, 2018
GIII
Jun 6, 2018 | 07:31 EDT
KeyBanc analyst Edward Yruma raised his price target for G-III Apparel to $58 from $45 after Q1 results affirmed his constructive multi-pronged thesis on GIII. The analyst thinks the company is in the earlier innings of an earnings expansion cycle. Guidance remains appropriately conservative, but Yruma believes continued operational momentum could drive additional upside. The analyst reiterates an Overweight rating on the shares.
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