Shoe Carnival price target lowered to $24 from $26 at Seaport Research

Seaport Research lowered the firm’s price target on Shoe Carnival (SCVL) to $24 from $26 and keeps a Buy rating on the shares. The firm is encouraged that the second half of the company’s Q1 was better than the first half, the analyst tells investors. Given the worse-than-previously expected tariff backdrop, however, the firm expects the company to lower its FY25 guidance.