Sterne Agee Downgrades DSW, Lowers Estimates
In a report released Monday, Sterne Agee analyst Sam Poser downgraded DSW Inc. (NYSE: DSW) from Neutral to Underperform and established a $23 price target.
Analyst at Sterne Agee disliked DSW reversal in same store sales from its previous growth phase. Sterne Agee reduced DSW's full year 2014 same store sales estimate from -2.3 percent to -3.4 percent. The Sterne Agee DSW note discussed concerns for negate comps and gross margins reduction.
Along with DSW's given price target of $23, Sterne Agee reduced its full year 2014 EPS from $1.55 to $1.43 and its full year 2015 EPS from $1.88 to $1.65.
Latest Ratings for DSW
|Aug 2015||Morgan Stanley||Reiterates||Underweight|
|Aug 2015||Canaccord Genuity||Maintains||Buy|
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