Shoe Carnival (SCVL) PT Raised to 'Street High' $40 at Susquehanna

Susquehanna analyst Sam Poser raised the price target on Shoe Carnival (NASDAQ: SCVL) to a 'Street High' $40.00 (from $31.00) while maintaining a Positive rating.

The analyst commented, "SCVL's pre-announcement of a SSS increase of 28.1% through June 21 in 2Q20 reflects the benefits of the following: 1) First opener advantage as a result of paying employees throughout the Covid-19 crisis; 2) Investments into the CRM system; 3) Ability to have new compelling offerings for consumers due to channel leading inventory control. Raising price target from $31 to $40 and raising estimates."

You May Also Be Interested In

• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
• Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities