Standpoint Research Downgrades Shoe Carnival (SCVL) to Hold; Valuation Call

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Standpoint Research downgraded Shoe Carnival (NASDAQ: SCVL) from Buy to Hold.

Analyst, Ronnie Moas, said, "SCVL reported last night and is trading + 17% today...the shares have shot past our price target and we can no longer leave our highest recommendation attached to this name."

For an analyst ratings summary and ratings history on Shoe Carnival click here. For more ratings news on Shoe Carnival click here.

Shares of Shoe Carnival closed at $26.50 yesterday, with a 52 week range of $19.19-$34.05.

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