Guess Analyst Changes Stance; Check Out Thursday's Top 3 Downgrades
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Analyst Downgrades: Piper Sandler downgraded BILL Holdings, Inc. from Overweight to Neutral, reducing the price target from $70 to $50, with shares closing at $41.63.
Insurance Sector Changes: JMP Securities downgraded Aspen Insurance Holdings Limited from Market Outperform to Market Perform, with shares closing at $36.63.
Consumer Goods Rating Shift: Small Cap Consumer Research downgraded Guess?, Inc. from Buy to Hold while maintaining a price target of $16.75; shares closed at $16.84.
Market Insights: The article highlights various stock ratings and provides insights into analyst perspectives on these companies, emphasizing recent changes in outlooks.
Analyst Views on GES
Wall Street analysts forecast GES stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GES is 16.75 USD with a low forecast of 16.75 USD and a high forecast of 16.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 16.810
Low
16.75
Averages
16.75
High
16.75
Current: 16.810
Low
16.75
Averages
16.75
High
16.75
About GES
Guess? Inc designs, markets, distributes and licenses lifestyle collections of apparel and accessories for men, women and children. The Company’s segments include Europe, Americas Retail, Americas Wholesale, Asia, and Licensing. The Europe segment sells its products through direct-to-consumer and wholesale channels throughout Europe and the Middle East. Its European direct-to-consumer network is comprised of brick-and-mortar retail stores and concessions and e-commerce sites. The Americas Retail segment sells its products direct-to-consumer through a network of directly operated retail and factory outlet stores and e-commerce sites in the Americas. The Wholesale segment sells its products through wholesale channels throughout the Americas and to third-party distributors based in Central and South America as well as licensed retail locations operated by its wholesale partners. The Licensing segment includes its worldwide licensing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
