Piper Jaffray Downgrades Guess? To Neutral

Analysts at Piper Jaffray downgraded Guess?

from Overweight to Neutral. The target price for Guess has been lowered from $32 to $25. Guess shares have dropped 12.42%over the past 52 weeks, while the S&P 500 index has gained 19.79% in the same period. Guess' shares gained 2.62% to close at $26.24 yesterday.