Jefferies Reiterates Buy and Maintains PT on Guess

According to a recent report, Jefferies has maintained a Buy rating on Guess (NYSE: GES) and a $60.00 price target after better than expected 1Q results.

In the report, Jefferies said, "Much to the contrary, we believe the company has a great global growth platform and a US biz that shows further stabilization. We continue to believe in our global growth theme and see GES shares as set to outperform in the balance of the year."

Guess closed yesterday at $40.10.