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Fly News Breaks for December 5, 2016
VNCE
Dec 5, 2016 | 07:27 EDT
As noted earlier, Stifel upgraded Vince Holding to Buy from Hold. Analyst Richard Jaffe says that the product assortments in the company's stores have improved. Moreover, according to Jaffe the company indicated that sales of its product were strong during Nordstrom's Anniversary Sale. He believes that "the Anniversary Sale provides an early read into Fall trends," and Jaffe expects the company's operating margin to rise over the longer term. Target $5.50.
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