Jefferies Positive on Francesca's Holdings (FRAN) Into Q2 Print

Jefferies analyst Randal Konik reiterated a Buy rating and $21 price target on Francesca's Holdings (NASDAQ: FRAN) ahead Q2 results tomorrow saying they expect in-line results with a better outlook.

Konik comments, "FRAN reports 2Q earnings tomorrow before market open and we expect results in line with guidance and a better outlook ahead as FRAN exits a tough 1H. Low expectations, easing compares, and modest improvement to the jewelry category which we expect to continue into 2H, as well as overly negative sentiment (short interest at ~19% of float) and cheap valuation create an attractive entry point, in our view."

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 $13.43 yesterday.

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