Wunderlich Securities Sees Key Buying Opportunity for Vera Bradley

In a report published Wednesday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $27.00 price target on

. In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, $27 price target, and estimates after attending Vera Bradley's (VRA) investor day yesterday. We believe the company's turnaround remains fully on track, with FY15 still shaping up as a stabilizing and set up year, with the rollout of faux leather and leather bag looks appearing solid and management materially improving the online, outlet store, and department store wholesale levels. We look to FY16 for Vera Bradley to return to top- and bottom-line upside, with new products and store openings and more focused, fashion driven offerings translating to positive comps and a return to prominence. We view yesterday's market response, due to no guidance changes for an unimportant year, as a key buying opportunity.” Vera Bradley closed on Tuesday at $21.08.