Guess price target raised to $37 from $33 at B. Riley

B. Riley analyst Jeff Lick raised the firm’s price target on Guess to $37 from $33 and keeps a Buy rating on the shares. Revenue and EBITDA for the fourth quarter were above consensus estimates and excluding 2021, gross margin was the highest achieved since 2009, the analyst tells investors in a research note. Revenue for FY24 was guided up 11.5%-13.5%, the firm notes, adding that its model suggests upside to operating income guidance if the high end of revenue guidance is obtained.