G-III Apparel price target raised to $33 from $30 at KeyBanc

KeyBanc raised the firm’s price target on G-III Apparel (GIII) to $33 from $30 and keeps an Overweight rating on the shares. The firm notes the company reported results above the high end of guidance and provided an update for 2025. Though the second half of the year is expected to face further pressure, KeyBanc remains encouraged on the owned brand potential into next year. Net net, the firm is encouraged by G-III’s better than expected performance in the quarter and its ability to execute amid uncertainty.