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UPDATE: Jefferies Raises PT to $22 on Vera Bradley Following Solid Q3 Results

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Wunderlich Securities Believes Vera Bradley Needs Time To Settle
Cowen Downgrades Vera Bradley On Worries About Long-Term Viability

Jefferies reiterated its Hold rating on Vera Bradley (NASDAQ: VRA) and raised its price target from $20 to $22.

Jefferies said, "We are pleased with an all around solid quarter at the company as it relates to topline and margins. Unfortunately, the outlook is a little lighter than we had anticipated, particularly as it relates to the revenue line. As such we expect shares to come under pressure and see risk/reward as balanced. … Although 3Q results were encouraging, 4Q remains more challenged indicating that there is still some choppiness in the business. If we can get a combination of cheaper valuation and stability in the business, we would be more constructive on the name. But for now, we prefer to stay on the sidelines."

Vera Bradley closed at $26.21 on Wednesday.

Latest Ratings for VRA

DateFirmActionFromTo
Mar 2015Cowen & CompanyDowngradesMarket PerformUnderperform
Mar 2015WunderlichDowngradesBuyHold
Sep 2014WunderlichInitiates Coverage onBuy

View More Analyst Ratings for VRA
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Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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