Coldwater Creek shares rise on 3Q results

Shares rose 42 cents, or 27.5 percent, to $1.95, but still near the low end of its 52-week trading range of 91 cents to $8.66.

After the market closed Tuesday, the company said its third-quarter loss narrowed, as cost cuts offset a sales decline.

Roth Capital Partners analyst Elizabeth Pierce said in a note to investors that the company has done a "great job" at managing expenses, controlling inventory and improving its clothing assortment. But she said the weak economic environment is a "significant headwind," and kept her "Hold" rating and $3 price target on the stock.

"We expect the stock to remain range bound until there is better visibility to the end of the current economic cycle," she wrote.

Murray, Carret & Co. analyst Eric Beder also kept his "Hold" rating on the stock. The beat "brings more questions than answers," he said, noting the company did not provide fourth-quarter guidance.

"While Coldwater Creek has made material progress in reducing expenses and shoring up the balance sheet, we have virtually no visibility and our projections are, frankly, no more than guesses, at best," he wrote.