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Fly News Breaks for August 17, 2018
DDS
Aug 17, 2018 | 08:32 EDT
Wedbush analyst Jen Redding said Dillard's post-earnings pullback was most likely "driven by red tape" in its peer group and exacerbated by the recent run-up in its shares. However, she believes Dillard's Q2 reads positively ahead of "the all-important back half" and views the post-earnings dips as "a unique buying opportunity." She maintains an Outperform rating and $95 price target on Dillard's shares, which closed yesterday down 8.6% at $75.80.
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