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 15.84

+0.05 +0.32%
Volume: 8,156,622
Track AEO

ANF 35.01

-0.11 -0.31%
Volume: 3,570,665
Track ANF

ARO 33.70

+0.23 +0.69%
Volume: 6,229,681
Track ARO

BKE 29.50

-0.23 -0.77%
Volume: 500,566
Track BKE

HOTT 6.83

+0.15 +2.25%
Volume: 1,309,941
Track HOTT

XRT 34.70

+0.39 +1.14%
Volume: 11,439,455
Track XRT


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