Janney Montgomery Scott Upgrades bebe stores, inc. (BEBE) to Buy; Worst Over

April 26, 2013 6:48 AM EDT Send to a Friend
Get Alerts BEBE Hot Sheet
Price: $2.13 -2.74%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Janney Montgomery Scott upgraded bebe stores, inc. (NASDAQ: BEBE) from Neutral to Buy with a price target of $7.00 (from $4.00).

Analyst Adrienne Tennan cited: 1) increased confidence that new leadership will bring positive changes, 2) improved product that is capturing this year’s trends, 3) improving inventory management, and 4) limited downside risk due to cash support.

"We believe the worst is behind for BEBE, and we expect trends to improve moving forward, but note that the near-term guidance and metrics are likely to remain soft until the full impact of the strategic initiatives," the analyst said.

For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.

Shares of bebe stores, inc. closed at $4.81 yesterday.


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