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Fly News Breaks for November 4, 2015
DSW
Nov 4, 2015 | 06:56 EDT
MKM Partners analsyt Patrick McKeever downgraded DSW to Neutral with a $23 price target following the surprise CEO change and "very disappointing" Q3 pre-release and lowered FY15 guidance. McKeever believes weather was a factor in Q3 but broad weakness in core women's footwear business indicates bigger problems that will take time to fix.
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