Caleres Is Taking A Step In The Right Direction (Rating Upgrade)
Caleres, Inc. has been upgraded from 'sell' to 'hold' following improved financial performance in recent quarters. The acquisition of Stuart Weitzman has contributed to revenue growth, although profitability is still under pressure. Management forecasts modest sales growth and a potential rebound in earnings per share for 2026.
- ▪Caleres was upgraded from 'sell' to 'hold' due to stronger financial results.
- ▪The acquisition of Stuart Weitzman has driven revenue growth, but profitability remains challenged.
- ▪Management expects low to mid single-digit sales growth and adjusted EPS of $1.35–$1.65 for 2026.
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