Market Overview

UPDATE: Jefferies Downgrades Vera Bradley to Hold Post Q1

Related VRA
Benzinga's Volume Movers
Morning Market Gainers

Jefferies reduces its rating on Vera Bradley (NASDAQ: VRA) and cuts its price target from $45 to $25 .

Jefferies comments, "This downgrade is simple: sales are slowing and margins are not expanding which is not a good sign for a growth story. While we are admittedly late to call this one and have been wrong thus far, we are still choosing to take the hit now as we see few catalysts to get the stock moving in the near term."

VRA closed at $21.87 on Thursday.

Latest Ratings for VRA

Sep 2015Cowen & CompanyMaintainsUnderperform
Aug 2015JefferiesDowngradesBuyHold
Jun 2015BairdDowngradesOutperformNeutral

View More Analyst Ratings for VRA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings


Related Articles (VRA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters