Dillard’s price target raised to $550 from $450 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Dillard’s (DDS) to $550 from $450 and keeps a Market Perform rating on the shares. The company seems to have regained its momentum following four consecutive quarters of strong results, the analyst tells investors. While Q2 results show the company’s ability to execute well despite the shifting macro-economic conditions, structural pressures in the department store landscape persist and will remain an overhang for the company, the firm adds.