Home / Markets / Industries / Retail
Friday, November 20, 2009
Deutsche Bank Upgrades Dillard's to Buy
By Darryl R. Isherwood
FOXBusiness
Dillard’s Inc.(DDS) shares jumped more than 8% Friday after an analyst upgraded the stock to “buy” and said the company’s efforts to cut costs and improve its merchandise are paying off.
Bill Dreher Jr. of Deutsche Bank wrote in a note to investors that the company has closed underperforming stores and trimmed expenses.
The department store has sought to position itself between Macy’s (M) and Bloomingdale’s.
Earlier this week, the company reported a third quarter profit, citing lower expenses and a tax benefit.
Dillard's rose 9.7% to $15.66.
Fox Business Video
-
-
Euro Debt Could Boost Gold
-
Feb 9, 2010
FOXBusiness.com LIVE
-
-
-
Health-Care Reform vs. Job Creation
-
Feb 9, 2010
Question of the Day
-
-
-
Ron Paul on Stimulus
-
Feb 9, 2010
Future of government bailouts?
-
-
-
U.S. No Longer the Space Explo...
-
Feb 9, 2010
Future of space program
-
-
-
Toyota Will Recover
-
Feb 9, 2010
Will the auto manufacturer bounce back?
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change