Barclays analyst Paul Kearney raised the firm’s price target on G-III Apparel to $15 from $13 and keeps an Equal Weight rating on the shares. The company’s Q4 results were boosted by a pull-forward of wholesale sales as G-III makes progress on right-sizing its inventory balance and easing warehousing and handling costs, the analyst tells investors in a research note.
Published first on TheFly
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