Benchmark Starts DSW Inc. (DSW) at Hold, $60 Price Target

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Benchmark initiated coverage on DSW Inc. (NYSE: DSW) with a Hold rating and a $60 price target.

Despite "a compelling assortment of nationally recognized footwear brands combined with low prices and a pain-free, convenient shopping experience," Benchmark believes "not all of the company’s good fortunes are a result of the footwear cycle." The firm is concerned with "very challenging same-store sales and gross margin comparisons through the end of 2012."

For an analyst ratings summary and ratings history on DSW Inc. click here. For more ratings news on DSW Inc. click here.

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