Guess price target lowered to $29 from $32 at UBS

UBS lowered the firm’s price target on Guess to $29 from $32 and keeps a Neutral rating on the shares. The firm believes Guess’s Americas retail segment remains under pressure and its Europe business trends have decelerated over the course of Q1 and expects the company to narrow its FY25 EPS guidance towards the lower end of its current $2.56-$3.00 outlook. UBS thinks sentiment leans bearish and sees a balanced upside/downside skew over the event.