JPMorgan analyst Matthew Boss lowered the firm’s price target on Dillard’s (DDS) to $313 from $349 and keeps an Underweight rating on the shares. The company reported its ninth straight gross profit decline with a widening inventory spread, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DDS: