Guess? (NYSE: GES) Retains Overweight Rating

Analysts at Piper Jaffray reiterated their Overweight rating for Guess? (NYSE: GES).

They explain, “We are reiterating our Overweight rating on GES shares following the company’s FQ4 report and initial outlook for 2010. We think shares deserve at least a group average multiple (17x) and could trade even higher should global growth opportunities unfold during the year.”

The analysts expressed faith in Guess’ global growth model, saying, “We are impressed with the continued outperformance demonstrated across regions, particularly given volatility in global economic markets.” They set a price target of $51 for the stock.