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Telsey Advisory cuts G-III Apparel price target to $32

  • Telsey Advisory lowered G-III Apparel Group’s price target.
  • Net sales declined from $613.3 million to $554.1 million.
  • Marc Jacobs integration challenges contributed to the assessment, alongside mixed results.

Telsey Advisory lowered G-III Apparel Group’s price target from $38 to $32, citing mixed financial results and difficulties integrating the Marc Jacobs brand. Net sales fell to $554.1 million from $613.3 million. GAAP (generally accepted accounting principles) net income was also referenced in the assessment, but the available report is incomplete.

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