J.Jill price target lowered to $30 from $35 at BTIG

BTIG analyst Janine Stichter lowered the firm’s price target on J.Jill (JILL) to $30 from $35 and keeps a Buy rating on the shares following first quarter results. While Q1 missed on the top-line, adjusted EBITDA slightly exceeded consensus on better-than-expected gross margin, according to the firm. Although near-term top-line and margin pressure is expected to persist, BTIG notes compares ease as the company moves into the second half. Shares should continue to command a better multiple as J.Jill receives credit for its firmer balance sheet and more stable performance while new leadership also presents a catalyst for accelerated change, the firm told investors in a research note.