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UPDATE: Topeka Capital Markets Initiates Guess? at Hold on Unresolved Business Issues

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In a report published on Monday, Topeka Capital Markets analyst Dorothy S. Lakner initiated coverage on Guess? (NYSE: GES) with a Rating of Hold and a price target of $34.

In the report, Topeka Capital Markets stated, "While GES is a globally recognized brand with the potential to return to 15%+ growth over the next few years, room to grow in all regions globally, management changes, macro and merchandising issues to resolve across multiple concepts has put a lot on GES' plate. We are believers in the global Guess? brand, but prefer to sit on the sidelines until the new executives have had time to settle in and initiatives to fix the business begin to gain traction."

Guess? closed on Friday at $31.78.

Latest Ratings for GES

DateFirmActionFromTo
Aug 2016JefferiesMaintainsHold
Jul 2016PiperJaffrayDowngradesNeutralUnderweight
May 2016Miller TabakUpgradesSellHold

View More Analyst Ratings for GES
View the Latest Analyst Ratings

Posted-In: Dorothy S. Lakner Topeka Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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