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.
Now read: How We're Playing The Fall In Guess »
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