UPDATE - Janney Montgomery Scott Upgraded Aeropostale (ARO) to Buy; Spring Channel Checks Favorable
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Price: $13.89 --0%
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade ARO Now!
UPDATE - Janney Montgomery Scott upgraded Aeropostale, Inc. (NYSE: ARO) from Neutral to Buy, price target raised from $20 to $26.
Analyst, Adrienne Tennant, said, "We are upgrading shares of ARO to BUY based on: 1) trend-right spring flows featuring bold colors, 2) significant margin recovery opportunity in 2H12, as product costs will be down significantly and 3) commitment to disciplined inventory control in FY12. The company has conservatively guided 1Q12 EPS to the range of $0.08 to $0.10; the Street is currently at $0.10. We are at $0.11 and believe current Street expectations are achievable with upside, given the favorable weather, early spring traffic, and improved product."
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Analyst, Adrienne Tennant, said, "We are upgrading shares of ARO to BUY based on: 1) trend-right spring flows featuring bold colors, 2) significant margin recovery opportunity in 2H12, as product costs will be down significantly and 3) commitment to disciplined inventory control in FY12. The company has conservatively guided 1Q12 EPS to the range of $0.08 to $0.10; the Street is currently at $0.10. We are at $0.11 and believe current Street expectations are achievable with upside, given the favorable weather, early spring traffic, and improved product."
To see more ratings on ARO, Click Here
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