Guess (GES) Estimates, Target Cut at Jefferies Post Q4
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Price: $16.81 --0%
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
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Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies analyst Randal J. Konik trimmed estimates and his price target on Hold-rated Guess (NYSE: GES) from $29 to $27 following Q4 results.
Konik comments, "GES posted 4Q results slightly above expectations, offset by a bleak outlook for the quarter and yr ahead. While the co continues to manage costs well and inventory levels look clean, this remains a business under global pressure. A healthy balance sheet and raised dividend provide nice downside protection but we await signs of sustained improvement and more compelling risk/reward at a better price."
The firm lowered FY 2014 EPS from $1.95 to $1.50.
For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.
Shares of Guess closed at $28.76 yesterday.
Konik comments, "GES posted 4Q results slightly above expectations, offset by a bleak outlook for the quarter and yr ahead. While the co continues to manage costs well and inventory levels look clean, this remains a business under global pressure. A healthy balance sheet and raised dividend provide nice downside protection but we await signs of sustained improvement and more compelling risk/reward at a better price."
The firm lowered FY 2014 EPS from $1.95 to $1.50.
For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.
Shares of Guess closed at $28.76 yesterday.
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