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Francesca's Holdings Corp Falls After Canaccord Downgrade

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Francesca's Holdings Corp (NASDAQ: FRAN) was downgraded Thursday by Canaccord Genuity, with the price target lowered from from $17 to $14.

Analysts Laura Champine and Jason Smith found it "difficult to envision Francesca’s regaining momentum amid the current challenging retail climate given the sales volatility and operating margin contraction that has developed under current management."

The report critically noted that the "company’s primary competitive advantages have eroded in our view as a result of merchandising mistakes made over the last year."

The analysts forecasted that EBIT margin will contract by 200 basis points in FY 2015 after a decline of 640 basis points this year.

They concluded by recommending it “prudent to step to the sidelines amid the ongoing margin deterioration.”

Francesca's Holdings Corporation traded at $13.61 late Thursday, down 1.87 percent.

Latest Ratings for FRAN

DateFirmActionFromTo
Dec 2018B. Riley FBRMaintainsNeutralNeutral
Nov 2018B. Riley FBRMaintainsNeutralNeutral
Aug 2018B. Riley FBRMaintainsBuyBuy

View More Analyst Ratings for FRAN
View the Latest Analyst Ratings

 

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Posted-In: Canaccord Jason Smith Laura ChampineAnalyst Color Downgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
KALUBenchmarkUpgrades
YEXTDA DavidsonMaintains20.5
BYDB of A SecuritiesMaintains47.0
SAICMorgan StanleyMaintains98.0
PVHMorgan StanleyMaintains104.0
View the Latest Analytics Ratings
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