Wedbush Morgan Starts Aeropostale (ARO) at Buy
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Wedbush Morgan initiates coverage on Aeropostale (NYSE: ARO) with a Buy rating and $39 price target.
The firm cited: 1. Significant Store Growth Potential at Core ARO Provides Bandwidth to Refine Jimmy'Z and New Children's Concept, 2. Merchandising Shifts and Infrastructure Systems Suggest Ongoing Margin Opportunity, and Expect EPS Upside to Drive Share Appreciation.
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