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 15.90

+0.34 +2.19%
Volume: 6,286,414
Track AEO

ANF 36.13

-0.08 -0.22%
Volume: 7,318,123
Track ANF

ARO 28.95

+0.00 +0.00%
Volume: 5,048,244
Track ARO

BKE 26.73

+0.13 +0.49%
Volume: 712,434
Track BKE

HOTT 5.62

+0.12 +2.18%
Volume: 1,968,989
Track HOTT

XRT 35.02

+0.37 +1.07%
Volume: 18,939,453
Track XRT


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