Fly News Breaks for November 26, 2019
Nov 26, 2019 | 08:11 EDT
Susquehanna analyst Sam Poser noted Caleres reported results which were "not pretty" but he said the shares are currently trading well below its five year average and will likely be even lower following its report. However, the analyst said its Famous footwear results were better than expected and its Brand Portfolio trends appear to be improving. As a result, he sees the downside as limited and recommends buying the shares. Poser reiterated his Positive rating and raised his price target to $26 from $25 on Caleres shares.
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