Tilly’s price target raised to $2.25 from $1.30 at Roth Capital

Roth Capital raised the firm’s price target on Tilly’s (TLYS) to $2.25 from $1.30 and keeps a Neutral rating on the shares. The company delivered a healthy Q2 that was much better than expected on profitability thanks to higher product margins and strong SG&A cost containment, the analyst tells investors in a research note. Tilly’s also noted a 1% positive August comp that likely would have been even better without noise from a supplier making distribution changes, the firm added.