Wedbush Starts Francesca's Holdings (FRAN) at Outperform
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Price: $2.22 --0%
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Wedbush initiated coverage on Francesca's Holdings (NASDAQ: FRAN) with an Outperform rating and price target of $25.00.
Analyst Morry Brown said, "Look for 1Q to provide SSS inflection; we expect first sequential comp improvement in 7 quarters. Following a challenging 2013, we look for FRAN to return to positive SSS in 1Q14 based on (1) broader fashion trends shifting towards the company’s feminine and bohemian aesthetic, (2) lapping the easiest comparisons FRAN has cycled as a public company and (3) a generally improved consumer spending environment as last year’s payroll tax increase is lapped."
For an analyst ratings summary and ratings history on Francesca's Holdings click here. For more ratings news on Francesca's Holdings click here.
Shares of Francesca's Holdings closed at $18.96 yesterday.
Analyst Morry Brown said, "Look for 1Q to provide SSS inflection; we expect first sequential comp improvement in 7 quarters. Following a challenging 2013, we look for FRAN to return to positive SSS in 1Q14 based on (1) broader fashion trends shifting towards the company’s feminine and bohemian aesthetic, (2) lapping the easiest comparisons FRAN has cycled as a public company and (3) a generally improved consumer spending environment as last year’s payroll tax increase is lapped."
For an analyst ratings summary and ratings history on Francesca's Holdings click here. For more ratings news on Francesca's Holdings click here.
Shares of Francesca's Holdings closed at $18.96 yesterday.
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