In a report released Thursday, Piper Jaffray analyst downgraded Guess GES from Overweight to Neutral.
The note states the retailers chief design officer, Sharleen Ernster, departed from the company. Ernster is a big contributor to Guess and is known for her dedication and involvement in global design.
Concerns lay on Ernster's departure being the second upper management leave within the last few months, along with three other executive departures between November 2012 to February 2013.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
