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Fly News Breaks for September 3, 2015
FRAN
Sep 3, 2015 | 07:35 EDT
As noted earlier, Wedbush upgraded Francesca's to Outperform from Neutral. After conducting checks, the firm expects the company's 2H15 trends to be boosted by improved fall apparel versus last year and easy comps. Wedbush lowered its Q2 EPS estimate 1c below consensus, but it believes that the miss is already reflected in the stock's valuation. Target remains $14.
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