Women retail shops get once-over by investment firms

Piper Jaffray cuts estimates on Guess (NYSE:GES) after seeing Kate Spade (NYSE:KATE) throw a scare into the sector during its earnings call by signaling it might push its EBITDA margin goal out a year.

Wedbush Securities analyst Corrina Freedman thinks the 25.4% drop in Kate Spade yesterday was overdone. The investment firm is a buyer at current levels.

Piper lowers its outlook on profit margins for Guess and drops it price target to $29.

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