Guess weakness a buying opportunity, says Brean Capital Brean Capital said any weakness in Guess following its Q2 report would be a buying opportunity, as they believe the Street is missing the upside potential from its new offerings in the second half of the year and a European wholesale turn the following year. The firm keeps a Buy rating with a $36 price target on the shares.
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.