(Finance) – Protagonist on Wall Street the title Designer Brands which shows an excellent performance, with an increase of 5.16%.
The upward revision of the 2022 guidance decided by the clothing and accessories retailer contributes to assisting the shares. For this year, the company raised its earnings estimates to $ 1.80-1.90 from the $ 1.75-1.85 range previously indicated.
The comparison of the title with theS & P-500on a weekly basis, shows the greatest relative strength of Designer Brands compared to the index, highlighting the real attractiveness of the stock by buyers.
At present the short-term scenario of Designer Brands notes a sharp rise with a target identified at USD 15.01. In the event of a momentary physiological correction, the most immediate target is seen at 14.3. However, expectations are for a rise in the curve to the top 15.72.