Francesca's Holdings (FRAN) PT Lifted to $19 at Nomura Following First Beat in 8 Quarters

Nomura Securities analyst Simeon Siegel reiterated a Buy rating and boosted his price target on Francesca's Holdings (NASDAQ: FRAN) to $19.00 (from $17.00) following the company's first beat in 8 quarters.

Siegel commented, "With the beginnings of the impact of newly minted CEO Mike Barnes being felt in something as simple as beating guidance (first time in eight quarters), FRAN enjoyed a positive comp (first time in seven quarters). However, with the shares up 15% in two weeks (vs. S&P 500 3%), we believe conservative guidance weighed on the shares. As such, with top- and bottom-line oppty ahead and with FRAN trading at 15x vs. peers at 18x, we reiterate our Buy."

The firm is lowering FY15 EPS estimate to $0.91 from $0.94 and introducing FY16 EPS estimate of $1.06.

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 $15.93 yesterday.

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