Jefferies Raises price Target as Francesca's (FRAN) Appoints New CEO

September 21, 2016 7:50 AM EDT
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Price: $18.76 +0.70%

Rating Summary:
    12 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies reiterated a Hold rating on Francesca's Holdings (NASDAQ: FRAN), and raised the price target to $15.00 (from $13.00), following the company's appointment of Steven P. Lawrence as President and CEO. Current Interim Chairman and CEO Richard Kunes will assume the role of Chairman.

Analyst Randal Konik commented, "FRAN appointed Steven P. Lawrence as President and CEO, assuming the reins from Interim CEO Richard Kunes, who had held the position since Mike Barnes stepped down in May 2016. We are pleased with the speed with which FRAN has secured a CEO, hence minimizing disruption to the business, and believe Mr. Lawrence's merchant background is a strong fit for the company. Maintain Hold, PT to $15."

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 $15.17 yesterday.

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