Dillard’s price target raised to $200 from $196 at UBS

UBS raised the firm’s price target on Dillard’s (DDS) to $200 from $196 and keeps a Sell rating on the shares. As Dillard’s is unlikely to provide guidance for fiscal 2025 or Q1-to-date commentary, UBS believes the market will focus on the company’s Q4 operating trends, with same-store sales trends improving in Q4, though this likely remained down year over year given share loss against other retailers, the analyst tells investors in a research note. The firm expects an in-line result and doubts sentiment around Dillard’s changes meaningfully due to the Q4 print.