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UPDATE: Wedbush Raises PT on Fred's on Strong June Sales

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Mid-Day Market Update: Thursday's Movers; U.S. GDP Rises; China's Stocks Jump
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In a report published on Thursday, Wedbush analyst Joan Storms raised the price target on Fred's (NASDAQ: FRED) from $14 to $15 and maintained a Neutral rating.

in the report, Wedbush stated, "We remain cautious about improved trends resulting from the company's new three-year Reconfiguration Plan and maintain our NEUTRAL rating."

Fred's closed on Thursday at $17.

Latest Ratings for FRED

DateFirmActionFromTo
Aug 2015Deutsche BankMaintainsHold
Aug 2015Stephens & Co.DowngradesOverweightEqual-weight
Aug 2015Stephens & Co.DowngradesOverweightEqual-weight

View More Analyst Ratings for FRED
View the Latest Analyst Ratings

Posted-In: Joan Storms WedbushAnalyst Color Price Target Analyst Ratings

 

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