Jefferies Reiterates a 'Buy' on Francesca's Holdings (FRAN); 3Q "Pre Game": Promos Elevated, But Stock Already Hit

Jefferies reiterates a 'Buy' on Francesca's Holdings (NASDAQ: FRAN) price target lowered from $32 to $25.

Jefferies analyst says, "FRAN's stock has been under pressure due to higher promotional activity in the quarter which we think could take away some of the 3Q earnings upside. However, we believe this is already more than reflected in the stock price and would be buyers on any weakness given the solid LT growth story here. We reiterate our rating but trim our PT to $25 based on more conservative multiples in light of recent trends."

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 $17.56 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Etsy upgraded to buy at BofA on durable growth, buyback potential
• Bicara Therapeutics (BCAX) Reiterated at Market Outperform by Citizens as Pivotal Trial Advances
• Citi raises Deere price target to $650, keeps Neutral rating