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.
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