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Fly News Breaks for September 20, 2017
SCVL
Sep 20, 2017 | 09:09 EDT
As previously reported, Susquehanna upgraded Shoe Carnival to Positive from Neutral and raised its price target to $23 from $19. Analyst Sam Poser has increased confidence FY17 and FY18 guidance will be raised based on the positive long-term impact of recovery from recent hurricanes. While its counterintuitive, history indicates footwear replacement needs and demand from contractors will drive near-term better than expected results, the analyst wrote in a note to investors. Additionally, better woman's demand and improving processes will add to results beyond FY17.
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