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Fly News Breaks for August 26, 2015
DSW
Aug 26, 2015 | 09:07 EDT
Jefferies analyst Edward Plank said DSW's Q2 comp growth and margin expansion fell short of his expectations and that its EPS gains in the second half will likely be "more muted," but added that the stock looks oversold on its post-earnings pullback. Plank lowered his price target on DSW to $37 from $44 but said the stock at a 3-year low has much less downside risk compared to its upside potential, prompting him to keep a Buy rating on the footwear retailer's shares.
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