We are reiterating our Buy rating, $23 price target and projections for Guess? after visiting stores in the Metro New York City and Long Island. As we near the heart of Holiday party and event season, Guess? is fully ready, with impressive outerwear, sweaters, dresses, jackets and accessories, including matching handbags, footwear and now, umbrellas. Further, for the buyer looking to relax in activewear or lounge around the home in cozy accessories, Guess? also has you covered. With the weather turning seasonal once again, we believe the climate and looks are ready to return to a positive for Guess? and we reiterate our Buy rating and $23 price target for GES.
