Aeropostale Upgraded
By Option Wizard
March 14, 2010 9:16 PM
March 14, 2010 9:16 PM
Piper Jaffray upgraded Aeropostale (NYSE: ARO) from underweight to neutral. With the retail sector still hurting from the recession Aeropostale is one of the few bright spots.
With American Eagle (NYSE: AEO) and Abercrombie and Fitch (NYSE: ANF) Aeropostale has managed to steal market share. This should serve them well as the economy recovers. Although the stock has recently run up, at 28.18 it is still a bargain and a good retail play for the long term.
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