Piper Jaffray Reiterates Vera Bradley Overweight, $53 PT

Piper Jaffray reiterated its Vera Bradley

Overweight rating and $53 price target in a research report published today. In the report, Piper Jaffray states, "We believe there is significant stock price appreciation right around the corner on VRA. With this clarity, we expect investors who are currently on the sidelines will be lining up to buy shares of this high-growth in-demand brand; we anticipate clarity can be achieved on their upcoming earnings call likely slated for late August." Shares of Vera Bradley were trading at $33.05 at the time of posting, down 4.19% from Monday's market close.