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

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Fred's June Comparable Sales Drop 1.3%
Fred's Foot Traffic Falling Behind That Of Dollar Stores

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
May 2016Deutsche BankMaintainsHold
Mar 2016Deutsche BankMaintainsHold
Aug 2015Deutsche BankMaintainsHold

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

 

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