Telsey Advisory Group Maintains Market Perform Rating for Designer Brands: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group maintains its Market Perform rating for Designer Brands (NYSE:DBI) but lowers its price target from $12.00 to $8.00. Shares of Designer Brands are trading up 0.73% at $6.89 per share.
June 06, 2023 | 5:02 pm
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Telsey Advisory Group maintains Market Perform rating for Designer Brands (NYSE:DBI) and lowers price target from $12.00 to $8.00. Shares are trading up 0.73% at $6.89 per share.
The news of Telsey Advisory Group maintaining its Market Perform rating for Designer Brands and lowering its price target may have mixed effects on the stock price. While the maintained rating suggests that the stock is expected to perform in line with the market, the lowered price target may indicate a reduced growth potential. This could lead to a neutral short-term impact on the stock price.
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