DSW price target lowered to $73 from $78 at Susquehanna Susquehanna lowered its price target on DSW following missed Q4 results. The firm believes the company is taking the right steps to manage expectations and is setting the bar low with the ability to chase business should trends improve. Susquehanna maintains its Positive rating but its price target reduction reflects a more cautious outlook.
DSW sees FY15 EPS $1.80-$1.90, consensus $1.90 Sees FY15 revenue growth of 7%-8%, consensus $2.64B. Sees FY15 comparable sales growth in low to mid-single digit range. The company expects to open 35 new stores, including 8-10 small format stores. Sees FY15 tax rate of 39%.