UPDATE: Goldman Sachs Raises PT on Francesca's Holdings Corporation on Reported 4Q EPS

In a report published Wednesday, Goldman Sachs analyst Lindsay Drucker Mann reiterated a Neutral rating on Francesca's Holdings Corporation

, and raised the price target from $31.00 to $33.00. In the report, Mann noted, “FRAN's reported 4Q EPS of $0.33 was ahead of GS/FC's $0.30. 4Q comps +9% accelerated from management's early January +7-8% preannounced range and, with 300bp SGA leverage, drove 400bp of operating margin expansion...On a slightly stronger margin profile our 2013 EPS goes to $1.32 from $1.28, 2014 stays at $1.57. Our 6-month price target moves to $33 vs. $31, as we roll forward on 23x 18-month forward EPS.” Francesca's Holdings Corporation closed on Tuesday at $26.98.