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Fly News Breaks for February 26, 2019
DDS
Feb 26, 2019 | 06:45 EDT
JPMorgan analyst Matthew Boss raised his price target for Dillard's to $68 from $61 following the company's Q4 results but keeps a Neutral rating on the shares. The combination of better than expected comps, 16% bottom-line beat, and 64% short interest likely will send the stock higher today, Boss tells investors in a post-earnings research note. However, he sees three "red flags of forward focus" from inventory, the service charge and the reduced amount of share buybacks in Q4 relative to Q3.
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