Designer Brands price target raised to $11 from $10 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Designer Brands to $11 from $10 and keeps a Market Perform rating on the shares. The company continues to struggle against a softening footwear market, higher promotions, and warm weather, all of which pressured demand for the quarter, the analyst tells investors. Despite the challenges, Designer Brands was able to deliver sales and gross margin slightly ahead of expectations, the firm says. Telsey continues to see a challenging path to achieving the FY26 targets originally outlined in the company’s April 2022 Investor Day.