Bank of America Downgrades Dillard's To Underperform

Bank of America downgraded Dillard's, Inc. DDS from Neutral to Underperform. The price target for Dillard's has been lowered from $130.00 to $95.00. Dillard's shares have dropped 11.62 percent over the past 52 weeks, while the S&P 500 index has surged 5.35 percent in the same period. Dillard's shares closed at $105.88 yesterday.