Brean Capital Upgrades Aeropostale (ARO) to Hold

August 26, 2013 7:20 AM EDT
Get Alerts ARO Hot Sheet
Price: $0.15 --0%

Rating Summary:
    6 Buy, 31 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Brean Capital upgraded Aeropostale, Inc. (NYSE: ARO) from Sell to Hold. The upgrade follows a 40% decline since Brean's last rating change.

"ARO down over 40% since we changed our rating to Sell on May 7th (versus a 2% increase in the S&P 500), we believe relative returns for continuing to be negative on ARO are limited. We believe the stock will now be range bound (at best) until the Holiday season; we will wait for the next turning point before becoming aggressive in the name," said analyst Eric Beder.

For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $8.76 yesterday.

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