G-III Apparel downgraded to Neutral from Overweight at Piper Sandler

Piper Sandler analyst Edward Yruma downgraded G-III Apparel (GIII) to Neutral from Overweight with a price target of $22, down from $28. G-III’s unexpected loss of the PVH Corp. (PVH) licenses limits visibility, Yruma tells investors in a research note. The analyst thinks G-III shares could be range-bound while management works to redefine its long-term growth plan.