Shoe Carnival (SCVL) Trims FY16 EPS Guidance

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Jefferies Cuts Price Target on Shoe Carnival (SCVL) Following Holiday Season

January 10, 2017 7:35 AM EST

Jefferies maintained a Hold rating on Shoe Carnival (NASDAQ: SCVL), and cut the price target to $26.00 (from $28.00), following the company's holiday selling season. Management noted that the retailer promoted heavily in December to clear through merchandise, resulting in a projected gross margin decline... More