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Fly News Breaks for January 5, 2018
FRAN
Jan 5, 2018 | 07:16 EDT
SunTrust analyst Pamela Quintiliano lowered her price target on Francesca's to $8 after the company cut its Q4 outlook. The analyst says reduced expectations reflect traffic issues in the final days before Christmas and believes an inflection in regaining credibility with the customers is pushed out in time, but longer term believes that the company's products will continue to resonate. Quintiliano keeps her Buy rating on Francesca's, forecasting an improved store experience and outperformance in the company's online business.
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