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Fred’s, Inc. Same Store Sales Down 0.5% in August, Shares Drop by 1.8% (NASDAQ:FRED)

Fred’s’ (NASDAQ:FRED) same-store sales fell 0.5% in the month of August. Fred’s’ shares dropped by 1.8% in the first day of trading following the news. Several research firms have recently commented on FRED. Zacks Investment Research cut shares of Fred’s from a “hold” rating to a “sell” rating in a research report on Thursday. Loop Capital began coverage on shares of Fred’s in a research report on Thursday, August 24th. They issued a “hold” rating and a $6.00 target price for... 
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