Dillard’s price target raised to $460 from $184 at UBS

UBS analyst Mauricio Serna raised the firm’s price target on Dillard’s (DDS) to $460 from $184 and keeps a Sell rating on the shares. The firm updated the company’s model post the Q3 report. Dillard’s “is adept to drive modest sales growth,” the analyst tells investors in a research note. However, UBS sees “very limited” earnings growth potential for Dillard’s given its low-single-digit sales growth and flattish margins.