Seaport Research analyst Mitch Kummetz lowered the firm’s price target on Caleres (CAL) to $21 from $24 and keeps a Buy rating on the shares. The tariff situation is worse than the company originally anticipated, leading the firm to lower its guidance on the stock, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAL: