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Fly News Breaks for September 7, 2018
GIII
Sep 7, 2018 | 08:05 EDT
Needham analyst Rick Patel raised his price target on G-III Apparel to $56 and kept his Buy rating after its Q2 earnings beat. The analyst says the company's "positive momentum across products and brands", along with the "healthy" department store environment, should allow G-III Apparel to meet or beat its FY19 forecasts in the short term. Longer term, Patel is positive on the "significant growth potential" of underpenetrated brands such as DKNY/DK, Tommy Hilfiger, and Karl Lagerfel.
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