Sterne Agee Starts DSW Inc. (DSW) at Buy

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Sterne Agee analyst Sam Poser initiates coverage on DSW Inc. (NYSE: DSW) with a Buy. PT $75.00.

"DSW is the best-in-class big box retailer," the analyst notes. "The company should achieve above average earnings and revenue growth for the foreseeable future. New store growth, new systems and SG&A leverage will drive long- and short-term earnings expansion." The firm is forecasting FY13/FY14 EPS of $3.94 and $4.56.

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

Shares of DSW Inc. closed at $68.08 yesterday, with a 52 week range of $50.52-$72.00.

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