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UPDATE: Goldman Sachs Resumes Aeropostale at Neutral on Competitive Pressures

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Goldman Sachs resumed coverage on Aeropostale (NYSE: ARO) with a Neutral rating and a $14 price target.

Goldman Sachs noted, "ARO was a share beneficiary in 2008 when the economy was under pressure and consumers traded down to more value-oriented price points. Since then, continued competitive pressures have eroded ARO's value proposition, putting them in a difficult spot in our view. Teen retail one of the most competitive sectors amongst our coverage – 2011 proved to be extremely promotional in teen retail and while competitive pressures have abated somewhat in 2012, we still see potential long-term challenges as key competitors struggle to recover full-priced sales."

Aeropostale closed at $13.76 on Monday.

Posted-In: Goldman SachsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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