UBS analyst Mauricio Serna lowered the firm's price target on G-III Apparel (GIII) to $26 from $30 and keeps a Neutral rating on the shares. G-III Apparel has attractive brand assets and share gain opportunities, but its Q4 results highlighted that the phaseout of PVH Corp. (PVH) brands and higher SG&A investments in owned labels are pressuring EPS, with risks extending beyond FY27, the analyst tells investors in a research note.
