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Fred's (NASDAQ:FRED) price target increased to $10.00, issued a research note today by Deutsche Bank

Yesterday Fred's (NASDAQ:FRED) traded 5.19% higher at $9.06. Fred's’s 50-day average is $11.30 and its two hundred day average is $14.02. With the last close down -32.05% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 23,861 shares of Fred's exchanged hands, down from an avg. volume of 190,638

Fred's (NASDAQ:FRED) had its price target upped to $10.00 by Deutsche Bank in a report released 10/3/2016. The bumped up target indicates a possible upside of 0.10% from the company's most recent stock price close.

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With a market capitalization of $0, Fred's has one year low of $8.98 and a one year high of $17.14 .

Also covering Fred's's target, a total of 4 equity analysts have issued a ratings update on Fred's. The 12-month price target is $15.00 with 0 brokers rating the stock a strong buy, 0 equity analysts rating the company a buy, seven analysts rating the company a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell.

General Company Details For Fred's (NASDAQ:FRED)

Fred's, Inc. (Fred's) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States. The Company is licensed to dispense pharmaceuticals in approximately 50 states. The Company operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred's is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. It offers various product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden.

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