G-III Apparel price target lowered to $25 from $29 at Barclays

Barclays lowered the firm’s price target on G-III Apparel (GIII) to $25 from $29 and keeps an Underweight rating on the shares following the Q4 report. The company’s guidance for sales is fairly consistent with apparel outlooks but embeds some significant shifts in the composition of brands as G-III laps larger impacts from the fall-off of licenses, the analyst tells investors in a research note.