Guess (GES) PT Raised to $12 at UBS

UBS analyst Mauricio Serna raised the price target on Guess (NYSE: GES) to $12.00 (from $11.00) while maintaining a Neutral rating.

The analyst comments "We believe GES had a lackluster Q1 given topline challenges in Americas retail. We thus forecast a 6c Q1 EPS miss. Additionally, we think GES will likely withdraw its FY26 guidance given elevated macro and US tariff uncertainty. We believe the market has similar expectations given how several of its peers have already done the same this earnings season. Thus, we doubt GES' report changes sentiment or FY26 EPS estimates much. If Guess were to update its guidance, we'd expect it to lower its FY26 EPS outlook to $1.20 to $1.55. Even with a reduced guidance, we believe the pending $13/sh. bid from WHP Global (link) will likely keep the stock from falling much. The options market is pricing a +/2.9% jump over earnings vs. a +/-12.8% historical avg. move. We agree with the options market view."

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