Piper Sandler raised the firm’s price target on Caleres to $35 from $30 and keeps a Neutral rating on the shares. The firm notes that an operating margin miss yet solid full year 2024 guidance kept Caleres stock afloat post Q4 earnings. Piper thinks the operating margin miss was a bit lost behind Q4’s EPS beat, and has some questions on the level of investment needed to power growth, especially at the Brand Portfolio.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CAL: