J.Jill price target lowered to $16 from $17 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on J.Jill (JILL) to $16 from $17 and keeps a Market Perform rating on the shares. The company delivered a “nice” top and bottom line beat, the analyst tells investors. The firm believes Q3 performance should serve as an “encouraging” sign that the new CEO’s focus on expanding the customer file by involving the product assortment, enhancing the customer journey, and progress on marketing mix and storytelling across channels are bearing fruit.