Williams Trading Upgrades $SCVL to Buy from Hold, Raises PT to $22 from $19 Analyst comments: "Upgrading SCVL to Buy, trimming estimates, and raising our price target from $19 to $22. Today's announcement that CEO Mark Worden 'departed' the company, effective yesterday, and has been replaced, on an interim basis, by Cliff Sifford, SCVL's current Vice Chairman, prior CEO, and 29-year SCVL veteran is very positive. It appears that Mr. Worden's lack of experience in the footwear industry led to his departure. Mr. Sifford is one of the most respected and knowledgeable executives in footwear retail, and his return is positive, but does not make the road ahead any easier for SCVL. We do believe that Mr. Sifford's vendor relationships will facilitate more efficient conversions of Shoe Carnival stores to Shoe Station stores. Facilitation of efficiency may manifest itself as a slower, more methodical approach to the conversions of Shoe Carnival stores to Shoe Station stores. A search is underway to find a new permanent CEO, which should be someone with a deep background in footwear retail." Analyst: Sam Poser