UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Francesca's Holdings Corporation

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Francesca's Holdings Corporation

, and raised its price target from $38.00 to $40.00. Jefferies noted, “Numbers were again very strong proving the durability and attractiveness of this early stage growth story. We are particularly impressed with the broad-based strength spanning the topline, margins, earnings growth, and high ROI. Meanwhile the long-term story remains among the most attractive in the space with potential to nearly triple the store base. Valuation is also attractive and we are buyers at current levels. Raising PT to $40.” Francesca's Holdings Corporation closed on Tuesday at $26.81.