Dillard's is set to benefit from rising oil costs as a result of its high exposure to energy-dependent states, according to Bank of America Merrill Lynch. BofA's Heather Balsky upgraded Dillard's, Inc. DDS 2.99% from Underperform to Buy and raised the price target from $60 to $89. SourceThere is a breakout of the falling channel, so we can probably expect some further upside. $DDS, Dillard's, Inc. / D