- Bank of America Merrill Lynch updates on Dillard's (NYSE:DDS) heading into the new year.
- The analyst team thinks Dillard's still has a "mismatch" between inventory and sales that could lead to margin deterioration. Lower shipping income is also cited as a drag on the department store operator's margin tally.
- BAML keeps an Underperform rating on Dillard's, but lifts its Q4 EPS estimate to $2.48 to adjust for heightened buyback activity in Q4. The BAML price objective on Dillard's is $55.
BAML still cautious on Dillard's
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Symbol | Last Price | % Chg |
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DDS | - | - |
Dillard's, Inc. |