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

Telsey Advisory analyst Dana Telsey raised the firm’s price target on G-III Apparel (GIII) to $30 from $27 and keeps a Market Perform rating on the shares. The company’s Q2 results saw better topline trends than expected, but reduced its topline guidance for the year, in part due to a greater incremental tariff impact than expected, the analyst tells investors. The firm remains encouraged by the company’s higher margin exposure and the growth in its direct-to-consumer penetration.