Guess Downgraded by Analysts at Morgan Stanley (GES)

By Staff,

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On Friday Guess?, Inc. ( GES ) 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 date.

The Bottom Line
Shares of Guess ( GES ) 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. ( GES ) is not recommended at this time, holding a 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 our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: GES

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