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Fly News Breaks for August 16, 2018
DDS
Aug 16, 2018 | 15:46 EDT
JPMorgan analyst Matthew Boss lowered his price target on Dillard's shares to $60 after the retailer reported a Q2 loss and its same-store-sales decelerated 100 basis points sequentially. Given tougher comparisons in the second half, Boss sees the potential for a return to negative comps and believes inventory growth raises the company's gross margin risk, he added. The analyst keeps an Underweight rating on Dillard's shares.
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