Loop Capital Maintains Hold on Caleres, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Caleres (NYSE:CAL) but has lowered the price target from $45 to $30, indicating a more cautious outlook on the stock.
September 13, 2024 | 12:10 pm
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Loop Capital has maintained a Hold rating on Caleres but lowered the price target from $45 to $30, suggesting a more cautious outlook on the stock.
The lowering of the price target from $45 to $30 by Loop Capital indicates a less optimistic view on Caleres' future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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