Wunderlich Securities Sees Near-Term Uncertainty For Guess

In a report published Tuesday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $31.00 price target on

. In the report, Wunderlich Securities noted, “We are reiterating our projections, price target and Buy rating on GUESS? (GES) with the company announcing 2QFY15 (July) results after the close on Wednesday. While we understand the recent departure of the Chief Designer is a key negative, and will put any material positives from a domestic turn in doubt, we believe the downside risk is already reflected in the stock. We continue to view the shift to less product and more fashion driven offerings as correct for the near and long term. We remain buyers of GES, but concede that the NT domestic turn story is now in doubt.” Guess closed on Monday at $25.90.