KeyBanc analyst Noah Zatzkin raised the firm’s price target on G-III Apparel (GIII) to $26 from $23 and keeps an Overweight rating on the shares. G-III posted a top- and bottom-line beat for Q2 and signed a new licensing agreement with HanesBrands (HBI) to produce an outerwear collection for Champion, adding another potential growth lever alongside its recent Halston license, Donna Karan’s brand repositioning, and the Nautica licensing opportunity, the analyst tells investors in a research note.
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Read More on GIII:
- G-III Apparel price target raised to $23 from $20 at Barclays
- G-III Apparel (NASDAQ: GIII) Surges After Stunning Q2 Earnings Beat
- Hanesbrands G-III Apparel in licensing pact for Champion & C9 outerwear
- G-III Apparel sees Q3 EPS $2.03- $2.13, consensus $1.83
- G-III Apparel sees FY24 EPS $3.05 and $3.15 , consensus $2.80