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Fred’s, Inc.’s Same-Store Sales Numbers Miss Analysts’ Expectations (NASDAQ:FRED)

Fred’s’ (NASDAQ:FRED) same-store sales decreased by 3.4% during the month of December. Fred’s’ shares rose by 0.1% in the first day of trading following the news. A number of brokerages have recently commented on FRED. Stephens raised Fred’s from an “underweight” rating to an “equal weight” rating in a research note on Friday, January 6th. MKM Partners reissued a “neutral” rating and set a $22.00 target price (up from $9.00) on shares of Fred’s in a research note on Friday,... 
 
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