Designer Brands price target raised to $4.50 from $4 at UBS

UBS raised the firm’s price target on Designer Brands (DBI) to $4.50 from $4 and keeps a Neutral rating on the shares. Designer Brands’ fundamentals appear to have improved through Q3, likely supporting a modest EPS beat, though tariff uncertainty is expected to prevent reinstating FY25 guidance and shift attention to Q4-to-date trends, the analyst tells investors in a research note.