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Upgrade Alert for Dillard's (DDS)

By David Diaz

Dillard's (NYSE:DDS) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $61.20 on volume of 1.1 million shares, above average daily volume of 444,000.

Dillard's has overhead space with shares priced $61.20, or 18.8% below the average consensus analyst price target of $75.40. Dillard's shares should first meet resistance at the 50-day moving average (MA) of $79.19 and find additional resistance at the 200-day MA of $81.48.

Dillard's, Inc. operates retail department stores located primarily in the southwestern, southeastern, and midwestern United States. The Company offers name-brand and private-label merchandise, including fashion apparel and home furnishings.

In the past 52 weeks, shares of Dillard's have traded between a low of $54.37 and a high of $133.92 and closed yesterday at $61.20, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.84% lower and 0.62% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Dillard's and will alert subscribers who have DDS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades dillard's

Ticker(s): DDS