Designer Brands price target raised to $5 from $4 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Designer Brands (DBI) to $5 from $4 and keeps a Market Perform rating on the shares. The company reported slight sequential improvement against modest expectations in the second quarter, the analyst tells investors. The macro operating environment remains challenging due to pressure on the consumer as well as the impact from tariffs, the firm adds. Additionally, the footwear market remains challenged as the company works to return to historical profitability levels.