Wells Fargo Downgrades Aeropostale, Inc. (ARO) to Underperform

January 7, 2011 6:59 AM EST Send to a Friend
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Price: $2.90 -4.61%

Rating Summary:
    6 Buy, 30 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Wells Fargo downgraded Aeropostale, Inc. (NYSE: ARO) from Market to Underperform with a $23-$25 valuation range.

The firm states, "ARO's business trends have been slowing in recent quarters--Q3 was the first down margin quarter and we expect Q4 to be the first down comp and EPS quarter since 2007."

For more ratings news on Aeropostale, Inc. click here and for the rating history of Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $25.32 yesterday.


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