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Fly News Breaks for August 26, 2015
DSW
Aug 26, 2015 | 08:08 EDT
Canaccord lowered its price target on DSW to $37 from $46 following Q2 results. The firm was disappointed with the company's comps and does not expect to see further weakness in clearance comps in Q3. Canaccord said DSW reiterated its full year guidance and expects increased marketing and systems initiatives to expand sales and margins going forward and therefore maintained its Buy rating.
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