Barclays analyst Paul Kearney lowered the firm’s price target on G-III Apparel (GIII) to $18 from $21 and keeps an Underweight rating on the shares following the Q1 report. The company has “successfully been walking the tight rope” of transitioning towards its owned brands portfolio and replacing lost PVH business while protecting margin, but the impact of tariffs adds significant uncertainty, the analyst tells investors in a research note.
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