Caleres price target lowered to $14 from $16 at Loop Capital

Loop Capital analyst Laura Champine lowered the firm’s price target on Caleres (CAL) to $14 from $16 and keeps a Hold rating on the shares. The company missed expectations with its Q1 results and pulled guidance, with the firm also having little visibility as the management only commented on the start of May and only qualitatively, the analyst tells investors in a research note. The shifts in tariff policy are creating enormous uncertainty, and Loop sees weaker sales and margins as a result, the firm added.