Longbow Starts AEO, ARO at Buy, ANF, HOTT, BKE at Neutral

June 11, 2009 2:18 PM EDT

Longbow Research's retail analyst initiated coverage on several stocks today:

  • American Eagle (NYSE: AEO) started at Buy with a $19.50 price target, suggesting potential upside of about 35% from current levels.
  • Aeropostale (NYSE: ARO) started at Buy with a $48 price target, representing upside of 36%.
  • Abercrombie & Fitch (NYSE: ANF) started at Neutral.
  • Hot Topic (Nasdaq: HOTT) started at Neutral.
  • The Buckle (NYSE: BKE) started at Neutral.
Today's coverage follows data on retail sales results for the month of May, which was issued early this morning. Despite a 1.2% and 1.1% rise in the Dow and Nasdaq today, respectively, retail stocks are trading lower. The SPDR S&P Retail ETF (NYSE: XRT) is currently down 1.5%.


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Stocks Mentioned

AEO 15.81

+0.56 +3.67%
Volume: 5,661,284
Track AEO

ANF 36.93

-2.97 -7.44%
Volume: 9,494,606
Track ANF

ARO 29.15

-3.55 -10.86%
Volume: 11,548,517
Track ARO

BKE 26.87

-0.88 -3.17%
Volume: 686,957
Track BKE

HOTT 5.54

+0.08 +1.47%
Volume: 807,053
Track HOTT

XRT 35.00

-0.25 -0.71%
Volume: 12,627,569
Track XRT


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