Brean Murray Carret & Co. Upgrades Aeropostale, Inc. (ARO) to Buy; Carnage Over, Dipping Our Toe In
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Price: $16.19 +0.94%
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ARO Now!
Brean Murray Carret & Co. upgraded Aeropostale, Inc. (NYSE: ARO) from Hold to Buy with a price target of $16.00.
Brean analyst says, "With ARO confirming that the turn for the company will not occur in 2QFY12, and hope for a semblance of normalcy now pushed out to 4QFY12, the stock has been slaughtered more than most, with ARO now down 29% over the last three trading days...Tha said, we believe, with most of the bad news already embedded in the stock, the risk/reward for ARO has improved for investors with a little patience and vision..."
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 $12.75 yesterday, with a 52 week range of $11.79-$27.73.
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Brean analyst says, "With ARO confirming that the turn for the company will not occur in 2QFY12, and hope for a semblance of normalcy now pushed out to 4QFY12, the stock has been slaughtered more than most, with ARO now down 29% over the last three trading days...Tha said, we believe, with most of the bad news already embedded in the stock, the risk/reward for ARO has improved for investors with a little patience and vision..."
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 $12.75 yesterday, with a 52 week range of $11.79-$27.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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