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Fly News Breaks for May 18, 2016
FRAN
May 18, 2016 | 08:00 EDT
After Francesca's CEO left the company and it issued a negative Q1 preannouncement, SunTrust says it believes the company's assertion that the CEO left for personal reasons. The firm thinks that, at current levels, the company's stock "reflects potential near-term challenges but not growth opportunity." It cut its price target on the name to $16 from $22 and reiterates a Buy rating.
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