Piper Jaffray Reiterates Overweight Rating On Guess?

According to Piper Jaffray, Guess? GES Overweight rating is reiterated. Piper Jaffray said that Wednesday afternoon at the 31st annual Piper Jaffray Consumer Conference, Guess CFO Dennis Secor, COO Michael Prince and CFO of North American Retail Russell Bowers spoke to investors about the global opportunities for the Guess brand, North American retail initiatives, and the impact of rising product costs. “We reiterate our Overweight rating and $52 price target.” Guess? closed yesterday at $39.98.