UPDATE - Janney Montgomery Scott Upgraded Aeropostale (ARO) to Buy; Spring Channel Checks Favorable

UPDATE - Janney Montgomery Scott upgraded Aeropostale, Inc. (NYSE: ARO) from Neutral to Buy, price target raised from $20 to $26.

Analyst, Adrienne Tennant, said, "We are upgrading shares of ARO to BUY based on: 1) trend-right spring flows featuring bold colors, 2) significant margin recovery opportunity in 2H12, as product costs will be down significantly and 3) commitment to disciplined inventory control in FY12. The company has conservatively guided 1Q12 EPS to the range of $0.08 to $0.10; the Street is currently at $0.10. We are at $0.11 and believe current Street expectations are achievable with upside, given the favorable weather, early spring traffic, and improved product."

To see more ratings on ARO, Click Here

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
• Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins