Jefferies Reiterates Hold Rating On Chico's

According to Jefferies, Chico's FAS CHS has made much progress in fine tuning its business, with significant opportunity still ahead. Jefferies said that, while this stock is starting to look more attractive, it awaits an indication of sustainable sales growth and more visibility on sourcing pressure during 2H to become more positive. “Reiterate Hold for now.” Chico's FAS closed yesterday at $13.04.