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G-III Apparel Group Falls Following Downgrade on China Tariffs Worries

Adam Smith

fell more than 6% on Tuesday after getting downgraded by Piper Jaffray on China tariff fears and other related worries. G-III Apparel's shares were trading around $31.85 on Nasdaq after a team of Piper Jaffray analysts lowered the clothing and lifestyle brand to neutral from overweight and reduced its price target to $35 from $43. was also downgraded in the note, "as tariff rhetoric accelerates across our group weighing on names that have large U.S. businesses & a disproportionate share of production in China," wrote analysts Erinn E. Murphy, Eric T. Johnson and Christian M. Yonkoski.