Sterne Agee Downgrades DSW, Lowers Estimates


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


In a report released Monday, Sterne Agee analyst Sam Poser downgraded

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

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.
Posted In: Analyst ColorDowngradesAnalyst RatingsSterne Agee