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Fly News Breaks for August 17, 2018
DSW
Aug 17, 2018 | 08:19 EDT
As reported previously, Susquehanna analyst Sam Poser downgraded DSW to Negative from Neutral. The analyst expects margins to be challenged due to increased variable costs and gross margin pressure related to the new loyalty program. He also expects guidance to be reduced following the next earnings call. Poser lowered his price target to $22 from $26 on DSW shares.
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