UBS Maintains Neutral on Designer Brands, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole has maintained a Neutral rating on Designer Brands (NYSE:DBI) and reduced the price target from $13 to $9.

December 07, 2023 | 4:51 pm
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UBS analyst Jay Sole maintained a Neutral rating on Designer Brands and lowered the price target from $13 to $9.
The reduction in the price target by UBS suggests a bearish outlook on the stock's value, which could lead to a negative short-term impact on the stock price. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside potential from the current stock price level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100