G-III Apparel initiated with a Buy at BTIG

BTIG initiated coverage of G-III Apparel (GIII) with a Buy rating and $32 price target The PVH license takeback and tariffs remain an ongoing challenge for the company, but G-III is making progress on its ongoing transformation, the analyst tells investors in a research note. The firm says the company’s performance has been driven by double-digit growth of its key owned brands.