Guess price target raised to $30 from $23 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Guess to $30 from $23 and keeps a Market Perform rating on the shares. The company reported Q4 results, with EPS nearly 30% above forecast and total sales “well above” the consensus, the analyst tells investors. The company left FY23 on a high note, but visibility of near-term profit improvement is challenging given the ongoing macro headwinds across the company’s geographical footprint, the firm adds.