Soleil Securities Downgrades Brown Shoe Company (BWS) to Hold
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Soleil Securities downgrades Brown Shoe Company (NYSE: BWS) from Buy to Hold.
Soleil analyst says, "Downgrade to Hold from Buy due to concerns that increasing risk to fundamentals in 2H08 will limit upside potential...Reducing F09E to $1.15 from $1.20 due to lower comp assumptions for Famous Footwear and F10E to $1.30 from $1.40...Lowering price target to $18 from $20."
Brown Shoe Company, Inc. (Brown Shoe) operates in the footwear industry.
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