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Fred's, Inc. Shares Drop 1.8% Following February Same-Store Sales Report (NASDAQ:FRED)

Fred's’ (NASDAQ:FRED) same store sales dropped 4% in the month of February. Fred's’ stock dropped by 1.8% in the first full-day of trading following the report. A number of equities research analysts have recently commented on the company. MKM Partners restated a “neutral” rating and set a $22.00 target price (up from $9.00) on shares of Fred's in a research report on Friday, December 23rd. Sidoti upgraded Fred's from a “neutral” rating to a “buy” rating and set a $18.00 target... 
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