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Rocky Brands price target lowered to $25 from $32 at Baird
The Fly

Rocky Brands price target lowered to $25 from $32 at Baird

Baird lowered the firm’s price target on Rocky Brands (RCKY) to $25 from $32 and keeps a Neutral rating on the shares. The firm said Q3 EPS missed estimates reflecting lower-than-expected revenue driven by a wholesale shortfall and higher-than-anticipated SG&A.

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