Dillard's Shares Rose 8.6% After Deutshe Bank Upgrade (DDS)

Posted on: Fri, 20 Nov 2009 14:04:00 EST


Symbols: DDS
Nov 20, 2009 (SmarTrend(R) News Watch via COMTEX) --
DDS | Quote | Chart | News | PowerRating -- 11/20/2009 - Dillard's Inc. (NYSE:DDS) shares rose 8.6% on Friday after a Deutsche Bank analyst upgraded the stock to "buy", according to an AP report. Analyst Bill Dreher Jr. wrote in a note to investors that the company remains focused on cutting costs by closing underperforming stores and trimming selling, general and administrative expenses. The department store is also looking to position itself between Macy's and Bloomingdale's and improving their merchandise. Dreher raised his price target to $28, up from $13.50.

Write to Chip Brian at cbrian@tradethetrend.com

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