Jefferies Upgrades Francesca's Holdings (FRAN) to Buy

December 4, 2012 6:44 AM EST
Get Alerts FRAN Hot Sheet
Price: $18.37 --0%

Rating Summary:
    12 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies upgraded Francesca's Holdings (NASDAQ: FRAN) from Hold to Buy with a price target of $38.00 (from $35.00).

The firm comments, "A quarter ago we downgraded FRAN as valuation was high and we were surprised by the recent management change. However, since then valuation has become much more attractive, our confidence in the long term has not waned and we now feel comfortable with new leadership taking the baton."

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 $25.30 yesterday.

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