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

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Related FRED
Earnings Scheduled For May 28, 2015
Top 4 NASDAQ Stocks In The Discount, Variety Stores Industry With The Highest Gross Margin

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
Mar 2015SunTrust Robinson HumphreyMaintainsNeutral
May 2014BB&T CapitalDowngradesBuyHold
Mar 2014Deutsche BankMaintainsHold

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

 

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