Janney Montgomery Scott Reiterates a 'Buy' on Chico's (CHS); Raising Numbers on Strong Q4 Beat

Janney Montgomery Scott reiterates a 'Buy' on Chico's, Inc. (NYSE: CHS) price target raised from $14 to $17.

JMS analyst says, "Raising estimates and fair value based on clean inventory levels and strong momentum continuing into the spring season: We are raising FY12 EPS estimate to $0.98 from $0.90 (versus the consensus of $0.97) and FY13 goes to $1.10 from $1.05 (versus consensus at $1.08). Our FY12 EPS estimate includes approximately $0.09 (we were previously at $0.07) of earnings from Boston Proper with net sales of $140-$145 million."

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

Shares of Chico's, Inc. closed at $12.81 yesterday, with a 52 week range of $9.57-$16.50.

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