Bank of America Has Positive Outlook on Dillard's Following 10Q

In a report published Friday, Bank of America analyst Heather Balsky reiterated a Buy rating and $130.00 price target on

. In the report, Bank of America noted, “Our rating on Dillard's is a Buy. We think Dillard's focus on upscaling its business is the key driver of recent years' sales and margin improvement, and will continue to catalyze above average earnings growth. We forecast outsized earnings growth at Dillard's compared to peers driven by modest sales growth, operating improvements and share buybacks. Dillard's also generates significant free cash flow and has one of the highest free cash flow yield across our coverage universe.” Dillard's closed on Thursday at $114.26.