Chico's FAS investors should focus on its niche position, says Susquehanna Susquehanna adjusted its estimates and raised its price target on Chico's FAS following Q3 results. The firm cited its dividend increase and share buyback activity, management's reiteration of its long-term targets for sales growth, and confidence that inventory levels are current. Shares are Positive rated and price target increased to $22 from $20.
News For CHS From The Last 14 Days
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Chico's FAS upgraded to Outperform from Market Perform at FBR Capital FBR Capital upgraded Chico's FAS to Outperform citing shareholder return catalysts in 2014 and easy near-term same-store-sales compares. FBR raised its price target for the stock to $19 from $18.