Standpoint Research Downgrades Aeropostale, Inc. (ARO) to Hold; Calling It

Standpoint Research downgraded Aeropostale, Inc. (NYSE: ARO) from Buy to Hold.

Analyst, Ronnie Moas, said, "Aeropostale is our recommendation from December 8, 2009 @ $20.36. The shares jumped 60% for us and hit $33 in early Q2, 2010. Just as we were looking to exit, the shares reversed and collapsed. The shares bottomed out at $9 in September 2011. The shares have doubled off that low point and we will exit at this time down 13% in a market that was + 23%...I like Aeropostale here at $18 less than I did when it was trading in the mid-$20s two years ago. The shares have jumped with the market in recent months and it may not be justified."

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 $17.67 yesterday.

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