UPDATE: Janney Capital Downgrades Francesca's Holdings as Environment Pressures Margins
November 26, 2013 at 10:59 AM EST
In a report published Tuesday, Janney Capital Markets analyst Adrienne Tennant downgraded the rating on Francesca's Holdings Corporation (NASDAQ: FRAN ) from Buy to Neutral. In the report, Janney Capital Markets noted, “We are downgrading shares of FRAN to Neutral from Buy based on the following: 1) challenging mall traffic