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UPDATE: Jefferies Lowers PT on Aeropostale Following Weak 2Q Results

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In a report published Friday, Jefferies analyst Randal J. Konik reiterated a Buy rating on Aeropostale (NYSE: ARO), but lowered the price target from $20.00 to $15.00.

In the report, Jefferies noted, “In what's beginning to feel like deja vu across teen retail this season, ARO slashed expectations for 3Q following a weak 2Q and similar implosions at peers. Traffic declines and a highly competitive environment were to blame, rendering improvements in merchandise null and void for now. We still see opportunity here, but believe mgmt needs to be more aggressive with its strategic initiatives to effect meaningful change. Maintain Buy, PT to $15.”

Aeropostale closed on Thursday at $10.98.

Latest Ratings for ARO

DateFirmActionFromTo
Aug 2014JefferiesMaintainsHold
Aug 2014WunderlichInitiates Coverage onHold
Aug 2014NomuraMaintainsNeutral

View More Analyst Ratings for ARO
View the Latest Analyst Ratings

Posted-In: Jefferies Randal J. KonikAnalyst Color Price Target Analyst Ratings

 

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