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Fly News Breaks for May 19, 2016
DSW
May 19, 2016 | 07:38 EDT
Canaccord lowered its price target on DSW to $20 from $25 as they believe the issues at the company are compounded by strategic steps the company is taking that will result in average selling price compression. The firm believes the company will have to see a second half acceleration to meet its guidance, but Canaccord does not see that happening. Canaccord maintained its Hold rating on DSW shares.
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