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 16.16

+0.32 +2.02%
Volume: 5,169,595
Track AEO

ANF 37.59

+2.58 +7.37%
Volume: 6,641,054
Track ANF

ARO 33.88

+0.18 +0.53%
Volume: 3,992,439
Track ARO

BKE 30.19

+0.69 +2.34%
Volume: 650,182
Track BKE

HOTT 6.90

+0.07 +1.02%
Volume: 1,079,965
Track HOTT

XRT 35.62

+0.92 +2.65%
Volume: 11,201,046
Track XRT


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