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Fly News Breaks for October 26, 2015
DSW
Oct 26, 2015 | 06:17 EDT
Canaccord downgraded DSW to Hold and lowered its price target to $24 from $37 on shares. Analyst Camilo Lyon said channel checks and industry feedback suggest weak traffic trends and the analyst is less convinced in DSW's ability to drive sustained comp growth. Lyon said warm weather has delayed purchases of fall footwear, leading to excess inventory that could lead to incremental promotions and reduced ability to buy fresher product.
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