Credit Suisse Reiterates Outperform, Raises PT On DSW On Q4 Results And Outlook

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In a report published Wednesday, Credit Suisse analyst Seth Sigman reiterated an Outperform rating on
DSW Inc.DSW
, and raised the price target from $41.00 to $44.00. In the report, Credit Suisse noted, "DSW's Q4 results and outlook provide some clear signs of progress, which is the result of efforts to reposition the women's assortment, upgrade the value proposition, improve their marketing message, among other operational initiatives. We remain optimistic about the path that DSW is on, and while we believe there are still some questions about the evolving margin profile of this business, which we discuss more below, we see pockets of conservatism within guidance for 7-12% 2015 EPS growth. We are revising our 2015 estimate from $1.94 to $1.87 on the expense issues outlined today. Our TP rises to $44 from $41 base on a peer analysis." DSW closed on Tuesday at $38.33.
Posted In: Analyst ColorPrice TargetAnalyst RatingsCredit SuisseSeth Sigman
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