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

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Related FRED
Earnings Scheduled For August 30, 2016
Deutsche Bank Doubts Fred's Headwinds Will Subside In 2H'16; Downgrades To Sell
More on Fred's Q2 (Seeking Alpha)

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 2016Deutsche BankDowngradesHoldSell
May 2016Deutsche BankMaintainsHold
Mar 2016Deutsche BankMaintainsHold

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

 

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