Sterne Agee Reiterates View on Guess?

Sterne Agee has published a research report on Guess? GES reiterating the rating and price target. In the report, Sterne Agee wrote, "GES reported upside to Q2 at $0.84 on an adjusted basis excluding a $0.19 settlement charge with a service provider in Europe. All segments reported sales above our estimates apart from retail although N.A. Retail had improved margins (up 170 bp) with its focus on lessened promotion." Sterne Agee rated Guess? a BUY with a price target of $58. Guess? closed Wednesday at $33.29.