This morning, Credit Suisse lowered its price target on shares of Dillard's (NYSE:DDS) to $93 as inventory levels remain higher than normal at the company. In the report, Credit Suisse reduced its EPS estimates as well, but maintained its outperform rating. Shares of Dillard's were sharply higher on Thursday, gaining more than 7%.
And UBS lowered its EPS estimates on shares of Macy's (NYSE:M) following the company's weaker-than-expected second quarter earnings report. UBS noted that sales trends were discouraging and set a $50 price target. Shares of Macy's were lower again on Thursday, falling 1.3%.
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