Tilly’s price target lowered to $1.30 from $2.50 at Roth Capital

Roth Capital lowered the firm’s price target on Tilly’s (TLYS) to $1.30 from $2.50 and keeps a Neutral rating on the shares. The company delivered “mixed” Q1 results with sales that were largely in line but earnings a touch below as higher than guided operating expense created a profit drag, the analyst tells investors in a research note. Comp trends in recent months have been choppy but encouraging, though the firm is awaiting better visibility into sustained profitability for Tilly’s, Roth added.