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Fly News Breaks for February 18, 2020
Feb 18, 2020 | 07:31 EDT
Wedbush analyst Christopher Svezia lowered his price target for Caleres to $20 from $27 after the company pre-announced Q4 sales about $50M below consensus driven by weakness in the higher margin Brand Portfolio, slightly offset by the strongest comp at Famous Footwear since 2013. The analyst has an Outperform rating on the shares.
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