On Friday Guess?, Inc. (
) was downgraded by analysts at Morgan Stanley due to higher
promotions and low sales in Europe.
The apparel retailer was downgraded by Morgan Stanley to
"Underweight" with a new price target of $21. That is a -21% drop
from Thursday's closing price of $26.62.
Guess shares were down 73 cents, or -2.70%, in morning trading
on Friday. Guess shares are down $3.95, or -13.25%, year to
The Bottom Line
Shares of Guess (
) have a 3.01% dividend yield, based on last night's closing stock
price of $26.62. The stock has technical support in the $22 price
area. If the shares can firm up, we see overhead resistance around
the $28-$30 price levels.
Guess?, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.1 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
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