Dillard’s price target raised to $450 from $330 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Dillard’s to $450 from $330 and keeps a Market Perform rating on the shares. The company delivered another “substantial” earnings beat in Q4, with EPS beating consensus, the analyst tells investors. However, with comps down mid-single digits, the firm remains concerned over a broader wallet share shift awy from apparel and accessories among the company’s customers.