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Fly News Breaks for August 15, 2017
SCVL
Aug 15, 2017 | 07:17 EDT
Wedbush analyst Christopher Svezia started coverage of Shoe Carnival with a $21 price target and an Outperform rating. The analyst is upbeat on the company's strategy , saying that it is "modulating the operating model towards new retail realities," Svezia says that the company is "taking a more conservative approach to inventories" and offering more athletic footwear for the back to school season. He is upbeat about the stock's outlook for the rest of 2017.
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