Jefferies Comments on Fresh Opportunities For Guess In FY2010

In a report published by Jefferies, Guess' GES slate in now wiped clean.

Jefferies said that while 4Q results were less than perfect, it believes the difficulties of FY2011 are now behind the company as it embarks on new opportunities going forward. “GES's global growth and business model remain very attractive, and the business is set up well to expand in the long term. Risk/reward is one of the best in the space, and we reiterate our Buy and $60 PT.”

Guess closed yesterday at $43.87.