Tilly’s price target raised to $3 from $2.25 at Roth Capital

Roth Capital analyst Matt Koranda raised the firm’s price target on Tilly’s (TLYS) to $3 from $2.25 and keeps a Neutral rating on the shares. The company’s Q4 results delivered accelerating comps and operating leverage, driving profit progress and positive free cash flow, the analyst tells investors in a research note. The firm adds, however, that it would prefer better visibility and sustained positive comps and profitability before coming off the sidelines.