UPDATE: Wedbush Raises PT on Fred's on Strong June Sales
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
|Oct 2016||Deutsche Bank||Upgrades||Sell||Hold|
|Aug 2016||Stephens & Co.||Downgrades||Equal-Weight||Underperform|
|Aug 2016||Deutsche Bank||Maintains||Sell|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.