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UPDATE: Jefferies & Company Downgrades Guess? to Hold, Lowers PT

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In a report published Friday, Jefferies & Company downgraded its rating on Guess? (NYSE: GES) from Buy to Hold, and lowered its price target from $45.00 to $25.00.

Jefferies noted, “We've endured the pain train for too long and our call was wrong. Clearly today's management departure announcements are significant, leadership is in flux, the brand is under pressure in the U.S., and international risks remain. We don't think there is massive downside from here but we can't continue to support the stock after today's development. Downgrade to Hold; PT now $25.”

Guess? closed on Thursday at $25.89.

Latest Ratings for GES

DateFirmActionFromTo
Feb 2018B. Riley FBRUpgradesNeutralBuy
Feb 2018KeyBancDowngradesOverweightSector Weight
Dec 2017B. Riley FBRReinstatesNeutralNeutral

View More Analyst Ratings for GES
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings

 

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