Soleil Securities Maintains a 'Hold' on Brown Shoe (BWS); Raises Price Target
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Soleil Securities maintains a 'Hold' rating on Brown Shoe Company (NYSE: BWS), raises price target to $6.50.
Soleil analyst says, "Near-term wholesale shipments will be negatively impacted by inventory cuts of a major wholesale customer. Back-to-school trends mixed, with sales adversely impacted by later Labor Day and later buying by consumers. Retail footwear environment likely to remain promotional as stores seek to attract new customers to stabilize negative traffic trends."
To see more analyst ratings on BWS Click Here.
Brown Shoe Company, Inc., together with its subsidiaries, operates as a retailer and wholesaler of footwear.
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