Sidoti upgraded Fred's (NASDAQ:FRED) from Neutral to Buy in a report released today.
- Updated: October 7, 2016
Sidoti has upgraded Fred's (NASDAQ:FRED) from Neutral to Buy in a statement released on Friday October 07, 2016.
Previously on Monday October 03, 2016, Deutsche Bank reported about Fred's (NASDAQ:FRED) bumped up the target price from $0.00 to $10.00 that suggested an upside of 0.10%.
Yesterday Fred's (NASDAQ:FRED) traded 3.05% higher at $9.19. Fred's’s 50-day average is $10.81 and its two hundred day average is $13.88. With the last close down -31.76% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 361,261 shares of FRED traded hands, up from an avg. volume of 206,626
Recent Performance Chart
With a total market value of $0, Fred's has 52 week low of $8.98 and a 52 week high of $17.14 .
Also covering Fred's's stock price target, a total of 4 brokers have issued a research note on Fred's. The 12-month price target is $15.00 with 0 firms rating the company a strong buy, zero equity analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
About 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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