G-III Apparel price target lowered to $17 from $27 at KeyBanc

KeyBanc analyst Noah Zatzkin lowered the firm’s price target on G-III Apparel to $17 from $27 and keeps an Overweight rating on the shares. G-III posted mixed results in Q3, beating on the top line, but missing on EPS, and lowered FY EPS guidance, Zatzkin tells investors in a research note. The company announced staggered license expirations for Calvin Klein and Tommy Hilfiger, largely from 2025-2027, and Zatzkin contends that management has its work cut out for it identifying and filling gaps from licenses ahead of 2025.