Market Overview

UPDATE: Jefferies Upgrades Vera Bradley to Buy Following Meeting with Management

Share:
Related VRA
Concern For Kate Spade Spills Over Into The Rest Of Retail, But Jefferies Remains Bullish
Increased Share Of Internet Search Traffic Could Mean Better Comp Sales For Coach And Kate Spade

Jefferies raised its rating on Vera Bradley (NASDAQ: VRA) from Hold to Buy and increased its price target from $22 to $35.

Jefferies noted, "Following recent meetings with mgmt, we are upgrading VRA as we expect topline improvement to continue and believe margins are at a positive inflection point. Meanwhile, the company is still in an early growth stage with room to more than quadruple its current store base. We believe sentiment is overly negative and view current valuation as compelling."

Vera Bradley closed at $24.92 on Wednesday.

Latest Ratings for VRA

DateFirmActionFromTo
Apr 2016Cowen & CompanyMaintainsMarket Perform
Mar 2016WunderlichUpgradesHoldBuy
Jan 2016Standpoint ResearchUpgradesHoldBuy

View More Analyst Ratings for VRA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (VRA)

View Comments and Join the Discussion!