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Fly News Breaks for May 16, 2019
DDS
May 16, 2019 | 07:40 EDT
While Dillard's Q1 earnings came in ahead of expectations, the beat was driven by lower expenses and asset sales, Deutsche Bank analyst Paul Trussell tells investors in a research note. The analyst says the Q1 report furthers his concerns around ongoing margin declines, "especially as the company cycles tougher comp compares this year." He sees more risk ahead and reiterates a Sell rating on Dillard's while lowering his price target for the shares to $53 from $56.
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