Jefferies Positive On Aeropostale (ARO) Into Thursday's Earnings Report
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Price: $0.15 --0%
Rating Summary:
5 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies made positive comments on Aeropostale, Inc. (NYSE: ARO) ahead of fourth quarter results due after the market closes on Thursday, March 8.
The firm sees upside to Q4 versus the consensus as the company likely benefited from a decent January like most retailers. Specifically, they see EPS of $0.40 versus the consensus of $0.38.
"We believe ARO is currently at trough fundamentals and expect improving trends over the coming qtrs as the company laps easier comps, inventories come more in line with sales trends, and some fashion issues are fixed. We expect ARO shares to continue to work higher and reiterate our Buy rating and $24 PT."
They reiterated their Buy rating and $24 price target.
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 $18.11 yesterday.
The firm sees upside to Q4 versus the consensus as the company likely benefited from a decent January like most retailers. Specifically, they see EPS of $0.40 versus the consensus of $0.38.
"We believe ARO is currently at trough fundamentals and expect improving trends over the coming qtrs as the company laps easier comps, inventories come more in line with sales trends, and some fashion issues are fixed. We expect ARO shares to continue to work higher and reiterate our Buy rating and $24 PT."
They reiterated their Buy rating and $24 price target.
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 $18.11 yesterday.
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