Piper Jaffray Reiterates Overweight Rating And Increases PT On Vera Bradley (VRA)

In a recent report, Piper Jaffray reiterated an overweight rating on Vera Bradley (NASDAQ: VRA) and increased the price target from $45.00 to $53.00 as PiperJaffray's believes VRA will continue to have a solid in-season execution and strong opportunities for future growth.

In the report, Piper Jaffray writes, "Looking ahead, with this momentum in the brand, we believe the company's ability to pass through higher prices with the launch of the fall patterns in early July is on solid ground, which could provide further upside in estimates throughout the course of this year."

Vera Bradley closed yesterday at $46.50.