Market Overview

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

Related ARO
Market Wrap For June 20: Yet Again, Dow And S&P 500 Indices Hit New Highs
FBR Comments On Specialty Retailers

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.

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

 

Most Popular

Related Articles (ARO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters