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.
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: