First Albany Upgrades Bebe

Analyst Harry Ikenson says the clothing retailer has had continued sales momentum based on marketing intiatives and a signature handbag collection

First Albany upgrades Bebe Stores (BEBE ) to strong buy from buy. Yesterday the company posted 39 cents second-quarter earnings per share, and forecast 11 cents to 14 cents third-quarter earnings per share on comparable sales growth in the mid-teens.

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