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Fly News Breaks for August 16, 2019
DDS
Aug 16, 2019 | 06:51 EDT
JPMorgan analyst Matthew Boss lowered his price target for Dillard's to $37 from $54 following the company's "material" Q2 miss. The analyst sees tougher comps ahead for Dillard's and keeps an Underweight rating on the shares. Importantly, the press release included no commentary on Q2 business results versus Q2 of last year when CEO Dillard cited "is encouraging YTD improvement as we head into the important back half of the year," Boss points out in a research note to investors.
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