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UPDATE: Jefferies Raises PT on Guess? Following Strong 2Q EPS Report

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In a report published Thursday, Jefferies analyst Randal J. Konik reiterated a Hold rating on Guess? (NYSE: GES), and raised the price target from $27.00 to $29.00.

In the report, Jefferies noted, ā€œGES' 2Q EPS beat expectations handily though the positive results were tempered by a conservative FY outlook. Continued cost-saving efforts proved very effective this quarter as operating margins improved significantly on topline growth of less than 1%, hindered by soft traffic patterns. Despite the strong beat on the bottom line, we await signs of sustainable improvement before becoming more positive on the name. Reiterate Hold.ā€

Guess? closed on Thursday at $27.31.

Latest Ratings for GES

DateFirmActionFromTo
Mar 2016JefferiesMaintainsHold
Mar 2016Cowen & CompanyMaintainsMarket Perform
Mar 2016Topeka CapitalMaintainsHold

View More Analyst Ratings for GES
View the Latest Analyst Ratings

Posted-In: Jefferies Randal J. KonikAnalyst Color Price Target Analyst Ratings

 

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