Zale (ZLC) +10.2% premarket after Bank of America's upgrade, citing "recent positive trends...

|About: Zale Corporation (ZLC)|By:, SA News Editor

Zale (ZLC) +10.2% premarket after Bank of America's upgrade, citing "recent positive trends across jewelry retailing." While acknowledging "challenges" given its "expensive debt and limited financial flexibility," Zale's strategy shift over last two quarters "is gaining traction." Shares -21% since Feb. 23 vs. +6% for S&P Retail Index, so a recovery is expected.