Soleil Securities Upgrades Collective Brands (PSS) to Buy
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Soleil Securities upgrades Collective Brands (NYSE: PSS) from Hold to Buy with a $17 price target, following settlement agreement with K Swiss regarding alleged trademark and trade dress infringement claims.
The firm said, "While (PSS) still faces material exposure on the recent $305M judgment against it in the Adidas case, PSS can afford to pay the claim and move on if legal remedies are not successful, in our opinion."
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