Caleres price target raised to $40 from $37 at Seaport Research

Seaport Research raised the firm’s price target on Caleres to $40 from $37 and keeps a Buy rating on the shares. The company reported a Q3 sales miss but earnings beat, the analyst tells investors in a research note. The firm says Caleres is holding up well despite the tough macro environment, as Brand Portfolio strength is offsetting Famous Footwear weakness.