- FBR Capital cuts its price target on Francesca's (NASDAQ:FRAN) to $12 from $19 (based off of 12X P/E) after digesting the retailer's Q1 report.
- "We like FRAN's initiatives; however, we remain on the sidelines and look for increased visibility regarding mall traffic, omni-channel capabilities, strategic investments, and consistent comp performance," writes analyst Susan Anderson.
- Wall Street is still surprisingly bullish on FRAN, with 8 Hold ratings and 4 Buy ratings on the scorecard and no Sells/Underweights to be found.
- Shares of FRAN are down 39% YTD.