Williams Trading last night upgraded Shoe Carnival (SCVL) to Buy from Hold with a price target of $22, up from $19. The firm views the company’s CEO change as “very positive.” Cliff Sifford “is one of the most respected and knowledgeable executives in footwear retail,” the analyst tells investors in a research note. Williams thinks Sifford’s vendor relationships will facilitate “more efficient conversions” of Shoe Carnival stores to Shoe Station stores.
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Read More on SCVL:
- Shoe Carnival upgraded to Buy from Hold at Williams Trading
- Shoe Carnival Names Interim CEO Amid Leadership Transition
- Shoe Carnival sees FY25 EPS $1.90, consensus $1.87
- Shoe Carnival names Cliff Sifford as interim CEO, succeeding Mark Worden
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