Wedbush Maintains a 'Neutral' on Fred's Inc. (FRED); Improving Strength in Consumer Sector

Wedbush maintains a 'Neutral' on Fred's Inc. (NASDAQ: FRED) price target raised $1 to $14.

Wedbush analyst said, "The company’s business appears to be better managed despite weaker than expected comps for several months due to better pharmacy margins from ongoing shift to generics. We also have some concerns about the core customer with macro headwinds and higher gas prices. We are cautiously optimistic for 2012...Maintaining our forecast for 2012 EPS of $0.98 and Q1 EPS of $0.28...We are also introducing our forecast for 2013 EPS of $1.12."

For an analyst ratings summary and ratings history on Fred's Inc. click here. For more ratings news on Fred's Inc. click here.

Shares of Fred's Inc. closed at $14.25 yesterday.

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