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Fly News Breaks for January 22, 2019
CAL
Jan 22, 2019 | 06:18 EDT
Loop Capital analyst Laura Champine kept her Hold rating and $30 price target on Caleres, saying the shift to e-commerce is likely to sustain the pressure on the company's gross margins in 2019. Given the near term external challenges, the analyst also lowers her FY19 EPS view to $2.45 from $2.56 that also reflect the weaker than expected holiday period sales from some of the company's wholesale partners.
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