Jefferies Trims Numbers On rue21 (RUE) After Q3 Results

Jefferies lowered its price target and estimates on Hold-rated rue21, inc. (NASDAQ: RUE) following Q3 results.

The price target was cut from $29 to $27 and Q4 EPS was cut from $0.50 to $0.48.

"RUE posted a slight EPS beat, however, SSS were flat for the second quarter in a row, falling short of the company's LSD% guidance. While we like the company's overall market positioning, growth story and relevant business model, we look for more sustained topline momentum before getting involved," the analyst commented.

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 $24.04 yesterday.

---

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

---

You May Also Be Interested In

• Jefferies Downgrades IDP Education (IEL:AU) (IDPUF) to Hold
• GLJ Research Downgrades Fluence Energy Inc. (FLNC) to Hold
• Marti Technologies (MRT) PT Raised to $6 at Benchmark on Stronger Growth, Improved Earnings Visibility