KeyBanc Upgrades Chico's, Inc. (CHS) to Buy

September 17, 2013 7:01 AM EDT
Get Alerts CHS Hot Sheet
Price: $13.04 -3.05%

Rating Summary:
    11 Buy, 18 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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KeyBanc upgraded Chico's, Inc. (NYSE: CHS) from Hold to Buy with a price target of $21.00. Analyst Edward Yruma has increased confidence in the company's long term opportunities.

"While the near-term retail env’t remains soft, we believe fundamentals are not so concerning that investors should risk overlooking CHS’s potential over the coming yrs," said Yruma. "CHS's White House|Black Market, Soma, and Boston Proper banners appear to have meaningful long-term unit growth opp'ties; we believe, in sum, CHS could drive HSD sqft. growth over the next 3-5 yrs., one of the most attractive stories in our coverage."

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 $16.48 yesterday.

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