Guess risk/reward remains compelling, says Brean Capital Brean Capital believes the risk/reward for Guess remains compelling following meetings with management. The firm views the company as on track for turns in both Europe and domestic markets as well as in ecommerce and sees a renewed focus on fashion and key items. Shares are Buy rated with a $36 price target.
Guess falls sharply, levels to watch The shares have spiked lower, dropping 2.7% to $18.30. At that price, next support is at the 52-week low at $17.67. Resistance is at $18.68, the opening price of the day. Piper Jaffray downgraded the shares to Underweight.