Sterne Agee Downgrades DSW, Lowers Estimates

Loading...
Loading...
In a report released Monday, Sterne Agee analyst Sam Poser downgraded
DSW Inc.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.
Posted In: Analyst ColorDowngradesAnalyst RatingsSterne Agee
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...