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Fly News Breaks for August 14, 2019
DDS
Aug 14, 2019 | 07:40 EDT
Wedbush analyst Jen Redding lowered her price target for Dillard's to $56 from $62 as she leans cautiously into Q2 earnings. Her Promotional, Search, and Big Data models are highlighting light demand trends and increases in markdown rates, compounded by challenging mall traffic numbers in the second quarter, she contends, adding that the Big Data read for Dillard's is negative with increased discounting, deterioration in pricing trends, and inventories responding in kind. Redding reiterates a Neutral rating on the shares.
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