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 15.27

-0.11 -0.72%
Volume: 5,238,163
Track AEO

ANF 40.06

+0.13 +0.33%
Volume: 4,640,949
Track ANF

ARO 32.23

+0.73 +2.32%
Volume: 4,266,494
Track ARO

BKE 27.69

+0.35 +1.28%
Volume: 796,701
Track BKE

HOTT 5.61

-0.13 -2.26%
Volume: 1,778,015
Track HOTT

XRT 35.19

+0.63 +1.82%
Volume: 12,088,655
Track XRT


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