KeyBanc is out with its report today on G-III Apparel GIII, upgrading GIII to Buy.
In a note to clients, KeyBanc writes, "We think G-III Apparel Group, Ltd. has a number of attractive growth opportunities and valuation at 8.9x 2012 P/E is compelling, we move to BUY. We have long believed that G-III had superior growth prospects, driven from a combination of its Calvin Klein sportswear business and dresses. We think that the Calvin Klein small leather goods business represents a strong growth opportunity, and by our math, could contribute in excess of $1.00 in EPS,"
KeyBanc has a $42 PT on GIII.
Shares of GIII closed Tuesday at $33.98.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsApparel, Accessories & Luxury GoodsConsumer DiscretionaryG-III Apparel GroupKeyBanc
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