UPDATE: Topeka Capital Markets Upgrades Aeropostale to Buy on 'Ready to Rock Fashion'

In a report published on Tuesday, Topeka Capital Markets analyst Dorothy S. Lakner upgraded Aeropostale from Hold to Buy and raised the price target on the company from $15 to $18. In the report, Topeka Capital Markets stated, "After viewing ARO's new back-to-school floor set as it dramatically "re-branded" its stores on 7/29, we are upgrading the shares from Hold to Buy and raising our price target from $15 to $18. We were impressed with the fashion we saw and believe a greater ability to offer head- to-toe fashion can garner a bigger share of wallet from its teen customers even as it remains the lowest priced of the three A's." Aeropostale closed on Monday at $14.66.