Brean Murray Reiterates Its $60 PT On GES

Brean Murray, Carret & Co. is reiterating $60 PT on shares of Guess? Inc. (NYSE: GES), and is adjusting its FY12 EPS to $3.32 (from $3.51).

“Here is the bottom line,” Brean Murray writes. “Guess?, much like any of our other denim based or contemporary plays (all of whom have released weaker-than-expected guidance for FY2012) is not immune from an increasingly inflationary environment.”

Guess? Closed Wednesday at $43.87.