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Caleres Inc. (CAL) [hlAlert]

Rating:
Hold BWS
down 0.80 %

Brown Shoe Company, Inc. (BWS) downgraded to Hold with price target $17 by Sterne Agee

Posted on: Thursday,  Aug 28, 2008  9:25 AM ET by Sterne Agee

Sterne Agee rated Hold Caleres Inc. (NYSE: CAL) on 08/28/2008. Previously Sterne Agee rated Buy Caleres Inc. (NYSE: CAL) on 01/24/2008.,
when the stock price was $14.91. Since then, Caleres Inc. has lost 0.80% as of 08/28/2008's recent price of $14.79.
If you would have followed the previous Sterne Agee's recommendation on CAL, you would have lost 0.8% of your investment in 217 days.

Brown Shoe Company, formerly known as Brown Group Inc., operates in the footwear industry. Current activities include the operation of retail shoe stores and foreign sourcing and marketing of footwear for women, men and children. The company's business is somewhat seasonal in nature due to consumer spending patterns with higher back-to-school, Easter and Christmas holiday season sales.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2008 9:25 AM Hold
None
14.79 17.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2008 10:25 AM Buy
None
14.91 23.00
1/9/2008 10:25 AM Buy
None
13.16 26.00

(*) Stock Price at the time of the recommendation.
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