UPDATE: Piper Jaffray Raises PT on Express to $33

Piper Jaffray raises its price target on Express EXPR from $32 to $33 in a research report out today on the heels of the company's earnings call. Presently, Piper Jaffray has an Overweight rating on Express. In the research report, Piper Jaffray writes, " We are encouraged by management's plans to expand internationally and are especially pleased to see that full-year EPS guidance leaves room for upside to consensus despite significant expenses in FY13 related to such longer-term investments." Shares of Express are currently trading at $25.26, up 3.61% from yesterday's close.