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Actionable news in GIII: G-III Apparel Group, LTD.,

G-III Apparel (GIII) Stock Stumbles, Downgraded at Stifel

NEW YORK (TheStreet) -- Shares of G-III Apparel (GIII) were falling 7.51% to $30.65 on heavy trading volume late Wednesday morning as Stifel reduced its rating on the stock to "sell" from "hold," the Fly reports.

The firm has a $28 price target on shares of the New York-based apparel company.

Yesterday, G-III Apparel reported weaker-than-expected results for the 2017 fiscal second quarter and cut its full-year forecast.

Despite the recent decline in the stock, its risk and reward ratio is unfavorable due to multiple risks...