Seaport Research raised the firm’s price target on Caleres to $46 from $44 and keeps a Buy rating on the shares. The company reported a Q4 sales beat but EBIT miss, and earnings was slightly above consensus, helped by a lower than expected tax rate, the analyst tells investors in a research note. The firm says Caleres is holding up relatively well in a tough environment. It expects that to continue in fiscal 2024.
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