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UPDATE: Credit Suisse Initiates Neutral on DSW on Near-Term Margin Pressures

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Benzinga's Top Downgrades
Wall Street Analysts Add To DSW's Tumble

Credit Suisse initialed coverage on DSW (NYSE: DSW) with a Neutral rating and a rice target of $70 a share.

Credit Suisse noted, "We expect gross margins to remain under pressure in 3Q12 primarily due to higher input costs and higher store occupancy costs related to this year's new store ramp. While the consensus estimates now appear to reflect that, that could create some headline risk for this well-liked stock. We expect that pressure to moderate by Q4 due to easier comparisons and as sales ramp in the company's new stores."

DSW closed at $65.17 on Thursday.

Latest Ratings for DSW

Sep 2015B. RileyDowngradesBuyNeutral
Aug 2015Morgan StanleyReiteratesUnderweight
Aug 2015SusquehannaMaintainsPositive

View More Analyst Ratings for DSW
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings


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