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UPDATE: Jefferies & Company Upgrades rue21 to Buy, Raises PT

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rue21 Announces Funds Advised by Apax Close Purchase

In a report published Monday, Jefferies & Company upgraded its rating on rue21 (NASDAQ: RUE) from Hold to Buy, and raised its price target from $32.00 to $40.00.

Jefferies noted, “We are upgrading shares of RUE as we believe in the LT growth model, we like the visibility and predictability of the revenue and earnings streams and we think the management team is stellar. We view current valuation as very compelling for a growth company and like that Street sentiment is fairly neutral. We are upgrading to a Buy rating with a $40 PT.”

rue21 closed on Friday at $26.88.

Latest Ratings for RUE

DateFirmActionFromTo
Jun 2013JefferiesDowngradesBuyHold
May 2013Janney CapitalDowngradesBuyNeutral
May 2013Piper JaffrayDowngradesOverweightNeutral

View More Analyst Ratings for RUE
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

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