Standpoint Research Upgrades G-III Apparel (GIII) to Buy; Moving Back In

Standpoint Research upgraded G-III Apparel (NASDAQ: GIII) from Hold to Buy with a price target of $36.00.

Analyst, Ronnie Moas, said, "On April 27 I closed out GIII with a 20% gain. The shares are now trading near the price I originally recommended the stock at after dropping 15% in the last two weeks. I like GIII now more than I did in December when I made the original recommendation. There are several exciting initiatives in place that should add more than $100 mln to their revenues and that is significant for a company with trailing twelve months revenues of $1.2 bln and a market capitalization of $500 mln."

For an analyst ratings summary and ratings history on G-III Apparel click here. For more ratings news on G-III Apparel click here.

Shares of G-III Apparel closed at $25.01 yesterday.

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