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jimmybob

08/27/18 7:38 AM

#328725 RE: jimmybob #328724

Shoe Carnival price target raised to $39 from $31 at Pivotal Research
Pivotal Research analyst Mitch Kummetz raised his price target for Shoe Carnival to $39 ahead of tomorrow's Q2 results. The analyst believes the company had a "strong" quarter, driven by sandals early, favorable back-to-school trends late and a strong brand/product offering throughout the quarter. He models for same-store-sales at the high end of guidance and keeps a Buy rating on Shoe Carnival