Why Designer Brands' Shares Are Falling Today
Shares of Designer Brands (NYSE: DBI) were down on Friday, after two analysts lowered price targets for the stock following a dividend cut earlier this week.
As of 2 p.m. EDT, Designer Brands' shares were trading down about 7.3% from Thursday's closing price.
In notes published on Friday morning, Needham analyst Rick Patel and Deutsche Bank analyst Paul Trussell both cut their price targets for Designer Brands' shares while maintaining their ratings.
Source Fool.com
