Standpoint Research Upgrades Aeropostale, Inc. (ARO) to Buy
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Price: $16.48 -1.02%
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ARO Now!
Standpoint Research upgraded Aeropostale, Inc. (NYSE: ARO) from Hold to Buy with an $18 price target.
Analyst Ronnie Moas comments "Aeropostale shares have been washed out … now down by more than 3,000 bps versus the S&P since our February downgrade. October $13 puts have been trading actively so some are expecting a disappointment this quarter … risk averse investors may want to wait until after Q3 is reported. In my opinion, with relative strength < 10/100 bad news is already more than priced in and we will step in at this time. EPS and margins have dropped by 50% since 2009-2010 are we are betting on a reversion to the mean and that this represents a bottom."
For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.
Shares of Aeropostale, Inc. closed at $13.04 yesterday, with a 52 week range of $11.67-$23.05.
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Analyst Ronnie Moas comments "Aeropostale shares have been washed out … now down by more than 3,000 bps versus the S&P since our February downgrade. October $13 puts have been trading actively so some are expecting a disappointment this quarter … risk averse investors may want to wait until after Q3 is reported. In my opinion, with relative strength < 10/100 bad news is already more than priced in and we will step in at this time. EPS and margins have dropped by 50% since 2009-2010 are we are betting on a reversion to the mean and that this represents a bottom."
For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.
Shares of Aeropostale, Inc. closed at $13.04 yesterday, with a 52 week range of $11.67-$23.05.
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