Guess?, Inc. (NYSE:GES) is one of the most undervalued retail stocks to invest in. UBS raised the firm’s price target on Guess?, Inc. (NYSE:GES) to $16.75 from $13 on August 28, keeping a Neutral rating on the stock with the firm moving its target to the take-private transaction price.
Similarly, Telsey Advisory raised the firm’s price target on Guess?, Inc. to $16.75 from $13 on August 21 while keeping a Market Perform rating on the shares.
The firm told investors that it is updating its price target after Guess?, Inc. announced its go private agreement with Authentic Brands, valued at $1.4 billion.
Guess?, Inc. is involved in the design, marketing, licensing, and distribution of contemporary apparel and accessories for women, men, and children.
The company’s operations are divided into the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.
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This article is originally published at Insider Monkey.
