Needham analyst Rick Patel raised his price target on G-III Apparel to $55 and kept his Buy rating after its "strong" Q4 sales, stating that the company's 2019 targets now appear to be achievable. The analyst is positive on the management's efforts to reduce expenses in retail, adding that the company's guidance also does not account for new licenses for wholesale or distribution channels that have not yet finalized. Patel further states that his model assumes a "conservative" view of "flattish retail comps" in light of challenging industry trends.