Guess (GES -2.4%) dips after BofA Merrill Lynch cuts it to Underperform. Merrill says the...

|About: Guess? Inc. (GES)|By:, SA News Editor

Guess (GES -2.4%) dips after BofA Merrill Lynch cuts it to Underperform. Merrill says the apparel company has heavy exposure to Europe - 40% of total revenues - and faces challenging macro trends and a more muted outlook for its European business in FY13.