Janney Montgomery Scott Maintains a 'Buy' on rue21, inc. (RUE); 2Q Slight Miss; Guidance In-Line; Driving 20% EPS Growth Despite Tough Macro

Janney Montgomery Scott maintains a 'Buy' on rue21, inc. (NASDAQ: RUE) price target of $36.00.

JMS analyst says, "RUE remains one of few unit growth stories in the sector; as investors seek growth, RUE sits at the top of the list with a target of mid- to high-teen square footage growth annually. We believe RUE is an attractive regional-to-national square-footage growth story in specialty apparel...We are lowering our FY11 estimate to $1.52 from $1.54 (the Street is at $1.53) and FY12 goes to $1.78 from $1.80 (the Street is at $1.80)."

For more ratings news on rue21, inc. click here and for the rating history of rue21, inc. click here.

Shares of rue21, inc. closed at $26.97 yesterday.

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