FBR Capital Upgrades Charlotte Russe (CHIC) to Outperform
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FBR Capital upgrades Charlotte Russe (Nasdaq: CHIC) from Market Perform to Outperform, saying the company's merchandise improvements and cost-cutting efforts are only scratching the surface, and that there is sustainable margin expansion underway.
Charlotte Russe Holding, Inc. operates as a mall-based specialty retailer of apparel and accessories targeting young women in their teens and twenties. Its products also include footwear and jewelry.
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