Francesca’s Holdings (FRAN): Upgrade to Buy, Price Target to $38 – Konik

Jefferies & Co star retail analyst Randal Konik is upgrading Francesca’s Holdings Corp (NASDAQ:FRAN) to Buy from Hold this morning with a $38 price tag (prev. $35). Konik notes that a quarter ago he downgraded FRAN as valuation was high and he was surprised by the recent management change. However, since then valuation has become [...]