Seaport Research raised the firm’s price target on Shoe Carnival to $50 from $42 and keeps a Buy rating on the shares. The firm expects Q2 results will be in line with the company’s conservative guidance, as back to school will likely have a slower start than expected, the analyst tells investors. Additionally, Seaport believes Q3 is off to a solid start, which will bode well for the reiteration of FY24 guidance.