Guess +2% after Jefferies sees value

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

Guess (NYSE:GES) is on the move after Jefferies upgrades the retailer to a Buy rating from Hold.

The analyst team points to the trading discount on Guess in comparison to mall peers and sees upside margin potential.

Jefferies sets a price target of $24 on Guess.

Shares of Guess are up 1.63% in premarket trading to $20.55. The 52-week high for Guess is $26.95.

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