Jefferies Upgrades rue21, inc. (RUE) to Buy; Moving Into Position

Jefferies upgraded rue21, inc. (NASDAQ: RUE) from Hold to Buy with a price target of $40.00 (from $32.00).

Analyst, Randal J. Konik, said, "We are upgrading shares of RUE as we believe in the LT growth model, we like the visibility and predictability of the revenue and earnings streams and we think the management team is stellar. We view current valuation as very compelling for a growth company and like that Street sentiment is fairly neutral."

Raises FY EPS estimate from $1.82 to $1.85

For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.

Shares of rue21, inc. closed at $26.88 yesterday.

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