G-III Apparel price target lowered to $27 from $30 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on G-III Apparel (GIII) to $27 from $30 and keeps a Market Perform rating on the shares. The company had a decent start to the year, with sales slightly better than expected, the analyst tells investors. Tariffs, however, are relatively fluid and there is limited visibility into the macro, the firm adds. Overall, Telsey believe the company’s management team is well suited to navigate the uncertain environment but anticipates the near-term to be challenging.