UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Francesca's Holdings Corporation on Solid Quarter, 1Q Outlook

In a report published Wednesday, Jefferies analyst Randal J. Konik reiterated a Buy rating on Francesca's Holdings Corporation FRAN, and raised the price target from $40.00 to $42.00. In the report, Konik noted, “FRAN reported another solid quarter which beat expectations, and the outlook is bright for 1Q and the full year. We continue to like this story as we see FRAN as a fast growing, high margin retailer with a unique boutique concept. Further, despite these favorable qualities, investor sentiment remains fairly negative. FRAN is one of our top picks; reiterate Buy rating and raising PT to $42.” Francesca's Holdings Corporation closed on Tuesday at $26.98.