Jefferies Starts Brown Shoe Co. (BWS) at Hold
Get Alerts BWS Hot Sheet
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Jefferies initiates coverage on Brown Shoe Co. (NYSE: BWS) with a Hold rating and a price target of $32.00.
Analyst Edward Plank said, "BWS' extensive restructuring efforts over the last three years have yielded substantial gains in profitability, store productivity and EPS growth. However, at this more mature stage of the turnaround, we believe incremental expansion toward the company’s 8% operating margin goal will be more moderate. In the meantime, the stock’s valuation appears to reflect some of the margin upside scenario. While our view is positively biased, we prefer a better entry point."
For an analyst ratings summary and ratings history on Brown Shoe Co. click here. For more ratings news on Brown Shoe Co. click here.
Shares of Brown Shoe Co. closed at $28.79 yesterday.
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