** Brokerage Telsey Advisory Group cuts PT on Designer Brands to $6 from $10, citing "disappointing Q2 performance"
** Maintains "market perform" rating, says persistent weakness in dress and seasonal categories weighed on results
** Adds that DBI's increased focus on active and athleisure styles was unable to counter pressures on other categories
** With a challenging macro and footwear market, visibility remains difficult to achieving the prior FY26 targets on the original timeline - Dana Telsey, analyst with TAG
** DBI cut annual profit forecast and posted a fall in Q2 sales and net income on Wednesday
** Including session moves, stock down nearly 44% this year
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com;))
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