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Fly News Breaks for December 16, 2018
GIII
Dec 16, 2018 | 21:37 EDT
Stifel analyst Jim Duffy upgraded G-III Apparel Group to Buy with an unchanged price target of $40. The analyst believes 2019 risks, including slowing end market demand and potential incremental tariff exposure, are more than discounted in the stock at current levels. Duffy sees "opportunity in the uncertainty" and believes the shares are undervalued after dropping 18% since the Q3 report on December 6.
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