Loading...
Loading...
Auriga increases its price target to $65 on Buy-rated DSW
DSW on expectations that 2012 will be a year of growth.
Auriga notes, "We believe DSW is poised to report a strong Q4 and provide a bullish outlook for 2012. We believe the warm start to spring could have generated consumer interest in pumps, sandals and flats that normally draw consumer interest closer to the Easter holiday. As part of its new spring assortment, DSW rolled out Converse's Jack Purcell collection. DSW announced in January that it ramped its store openings planned for 2012 to include 35-40 new locations compared with 17 store openings in 2011."
DSW closed at $56.17 a share on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies 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!
Already a member?Sign in