UPDATE: Canaccord Genuity Initiates Francesca's Holdings at Buy on Growth Prospects

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Canaccord Genuity initiated coverage on Francesca's Holdings (NASDAQ: FRAN) with a Buy rating and a $30 target. Canaccord Genuity noted, "We believe FRAN's unique business model positions the company to profitably expand its store base. A low-cost, small-footprint store model has translated to EBIT margins in the mid-20% range and one of the specialty retail group's highest ROIC at around 30%. We expect FRAN's boutique feel, driven by a broad and trend-right product assortment, should continue to resonate with customers as the company expands square footage at the highest annual rate among all of the companies in our coverage universe. We estimate double-digit SSS growth will persist in FY13, and we are modeling for EPS of $1.29, which is the highest forecast among sell-side analysts."Francesca's Holdings closed at $23.95 on Thursday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!