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Fly News Breaks for September 4, 2018
SCVL
Sep 4, 2018 | 06:03 EDT
Pivotal Research analyst Mitch Kummetz downgraded Shoe Carnival to Hold while raising his price target for the shares to $45 from $43. The analyst cites valuation for the downgrade, saying the risk/reward no longer looks favorable at current levels. Shares of Shoe Carnival appear fully valued on current estimates, Kummetz tells investors in a research note.
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